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

FingerMotion, Inc. (NASDAQ:FNGR) was the target of unusually large options trading on Wednesday. Stock investors purchased 5,385 call options on the company. This represents an increase of approximately 347% compared to the average daily volume of 1,205 call options.

FingerMotion Stock Up 24.2%

FNGR traded up $0.03 on Wednesday, hitting $0.17. The company had a trading volume of 220,491,995 shares, compared to its average volume of 11,571,694. The company has a market cap of $12.35 million, a PE ratio of -1.43 and a beta of -0.37. FingerMotion has a 12-month low of $0.13 and a 12-month high of $2.20. The business’s fifty day simple moving average is $0.22 and its 200 day simple moving average is $0.58.

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

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat.com, FingerMotion has a consensus rating of “Sell”.

Institutional Trading of FingerMotion

An institutional investor recently raised its stake in FingerMotion stock. Platform Technology Partners boosted its position in shares of FingerMotion, Inc. (NASDAQ:FNGR) by 54.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 259,643 shares of the company’s stock after buying an additional 92,028 shares during the quarter. Platform Technology Partners owned 0.42% of FingerMotion worth $258,000 as of its most recent filing with the Securities & Exchange Commission. 3.90% of the stock is owned by hedge funds and other institutional investors.

FingerMotion Company Profile

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.