Stock Traders Buy Large Volume of FingerMotion Call Options (NASDAQ:FNGR)

FingerMotion, Inc. (NASDAQ:FNGR) saw unusually large options trading on Wednesday. Stock investors bought 5,385 call options on the stock. This is an increase of approximately 347% compared to the average daily volume of 1,205 call options.

Institutional Investors Weigh In On FingerMotion

An institutional investor recently raised its stake in FingerMotion stock. Platform Technology Partners raised its stake in FingerMotion, Inc. (NASDAQ:FNGR) by 54.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 259,643 shares of the company’s stock after purchasing an additional 92,028 shares during the quarter. Platform Technology Partners owned 0.42% of FingerMotion worth $258,000 at the end of the most recent quarter. 3.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FingerMotion in a research note on Friday, September 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

FingerMotion Trading Down 0.5%

Shares of FingerMotion stock opened at $0.18 on Friday. The firm has a market capitalization of $12.69 million, a PE ratio of -1.46 and a beta of -0.33. The business’s 50-day moving average price is $0.21 and its 200-day moving average price is $0.56. FingerMotion has a 12 month low of $0.13 and a 12 month high of $2.20.

FingerMotion (NASDAQ:FNGR) last released 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). The company had revenue of $0.65 million during the quarter, compared to the consensus estimate of $6.00 million. FingerMotion had a negative return on equity of 46.67% and a negative net margin of 42.81%.

About FingerMotion

FingerMotion, Inc (NASDAQ: FNGR) is a mobile technology and services company focused primarily on the Chinese market. The company provides telecommunications products and services through carrier-related offerings, including mobile messaging, mobile top-up services, subscription plans and other solutions designed to support mobile users and businesses.

FingerMotion also develops data-driven technology through its Sapientus platform. Sapientus is designed to collect and analyze large amounts of data to help insurance companies and other organizations evaluate risk, improve customer engagement and develop more informed business and underwriting strategies.

The company was established in the 2010s and has built its operations around mobile communications, digital services and big-data applications in China, while maintaining a corporate presence in the United States.