FingerMotion Inc (NASDAQ:FNGR) does about 344.47K shares in volume on a normal day but saw 3529724 shares change hands in the recent trading day. The company now has a market cap of 190.28M USD. Its current market price is $3.33, marking an increase of 22.43% compared to the previous close of $2.72. The 52 week high reached by this stock is $3.80 whilst the lowest price level in 52 weeks is $1.03.
FingerMotion Inc (FNGR) has a 20-day trading average at $1.72 and the current price is -12.37% off the 52-week high compared with 223.30% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.51 and its 200-day simple moving average is $1.74. If we look at the stock’s price movements over the week, volatility stands at 20.77%, which decreases to 12.60% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 85.24 to suggest the stock is overbought.
The consensus objective for the share price is $5.00, suggesting that the stock has a potential upside of 33.4% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 22, 2023 when The Benchmark Company initiated the stock to “Buy” and issued a price target of $5.
The current price level is 93.52%, 119.97%, and 90.94% away from its SMA20, SMA50, and SMA200 respectively, with the FNGR price moving below the 50-day SMA on current market day. FingerMotion Inc (FNGR) stock is up 69.90% over the week and 141.30% over the past month. Its price is 177.50% year-to-date and -4.31% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 33.4 percent from here.
Outstanding shares total 53.81M with insiders holding 26.63% of the shares and institutional holders owning 3.08% of the company’s common stock. The company has a return on investment of -56.03% and return on equity of -48.67%. The beta has a value of -0.39. Price to book ratio is 18.60 and price to sales ratio is 5.67.
