FingerMotion Sees Unusually High Options Volume (NASDAQ:FNGR)

FingerMotion, Inc. (NASDAQ:FNGR) saw unusually large options trading on Friday. Traders purchased 8,524 call options on the stock. This represents an increase of 986% compared to the average volume of 785 call options.

FingerMotion Price Performance

FNGR traded up $0.38 during trading hours on Friday, hitting $0.55. 1,051,086,797 shares of the stock were exchanged, compared to its average volume of 7,944,534. The stock has a market cap of $34.00 million, a price-to-earnings ratio of -4.62 and a beta of -0.40. The stock has a 50-day simple moving average of $0.32 and a 200-day simple moving average of $0.74. FingerMotion has a 12 month low of $0.15 and a 12 month high of $2.20.

FingerMotion (NASDAQ:FNGR) last issued its earnings results on Wednesday, July 15th. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). FingerMotion had a negative net margin of 42.81% and a negative return on equity of 46.67%. The company had revenue of $0.65 million for the quarter, compared to analysts’ expectations of $6.00 million.

Institutional Trading of FingerMotion

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in FingerMotion during the 2nd quarter valued at approximately $42,000. WINTON GROUP Ltd acquired a new position in shares of FingerMotion during the second quarter valued at $26,000. Envestnet Asset Management Inc. grew its position in shares of FingerMotion by 143.6% during the third quarter. Envestnet Asset Management Inc. now owns 60,029 shares of the company’s stock worth $95,000 after acquiring an additional 35,388 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of FingerMotion by 75.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock worth $66,000 after acquiring an additional 17,836 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in FingerMotion in the 4th quarter valued at about $85,000. 3.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of FingerMotion from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, FingerMotion currently has a consensus rating of “Sell”.

About FingerMotion

FingerMotion, Inc is a mobile technology solutions provider focused on delivering affordable smartphones and digital services to emerging markets. The company’s core operations include the design, manufacture, and distribution of mobile devices under its proprietary Spyce brand, offering entry-level and mid-range handsets optimized for performance, security, and ease of use. FingerMotion integrates embedded software applications and firmware enhancements to improve user experience, device management, and after-sales support.

In addition to hardware, FingerMotion has developed a suite of mobile financial services and digital commerce offerings.