FingerMotion (NASDAQ:FNGR) Issues Quarterly Earnings Results, Misses Estimates By $0.05 EPS

FingerMotion (NASDAQ:FNGR) released its quarterly earnings results on Monday. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05), FiscalAI reports. The company had revenue of $1.23 million during the quarter, compared to analysts’ expectations of $28.00 million. FingerMotion had a negative return on equity of 34.78% and a negative net margin of 16.08%.

FingerMotion Price Performance

Shares of NASDAQ:FNGR opened at $0.69 on Wednesday. FingerMotion has a 1 year low of $0.69 and a 1 year high of $2.84. The business has a 50 day simple moving average of $0.94 and a two-hundred day simple moving average of $1.16. The firm has a market capitalization of $42.41 million, a PE ratio of -6.92 and a beta of -0.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered FingerMotion from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new position in shares of FingerMotion during the fourth quarter valued at approximately $85,000. Envestnet Asset Management Inc. boosted 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 valued at $95,000 after buying an additional 35,388 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of FingerMotion by 75.3% during the third quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock valued at $66,000 after buying an additional 17,836 shares during the period. Barclays PLC purchased a new position in shares of FingerMotion during the fourth quarter valued at approximately $37,000. Finally, XTX Topco Ltd purchased a new position in shares of FingerMotion during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 3.90% of the company’s stock.

FingerMotion Company Profile

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.