FingerMotion (NASDAQ:FNGR) Releases Earnings Results, Misses Expectations By $0.05 EPS

FingerMotion (NASDAQ:FNGR) announced its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05), FiscalAI reports. FingerMotion had a negative return on equity of 46.67% and a negative net margin of 42.81%. The firm had revenue of $0.28 million during the quarter, compared to analysts’ expectations of $6.00 million.

FingerMotion Stock Performance

FingerMotion stock traded up $0.00 during midday trading on Thursday, hitting $0.18. 4,566,325 shares of the company’s stock were exchanged, compared to its average volume of 13,488,073. FingerMotion has a 52-week low of $0.13 and a 52-week high of $1.74. The stock has a 50-day moving average price of $0.21 and a two-hundred day moving average price of $0.50. The company has a market cap of $13.34 million, a P/E ratio of -1.54 and a beta of -0.33.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of FingerMotion in a research note on Friday, September 18th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

FingerMotion Company Profile

FingerMotion, Inc (NASDAQ: FNGR) is a mobile technology and services company focused primarily on the Chinese market. Through its subsidiaries and operating partners, the company provides mobile payment and recharge services, messaging solutions, and other mobile-related products designed to support consumers and businesses.

FingerMotion’s business activities have included SMS and multimedia messaging services, mobile data and communications solutions, and technology platforms that use data analytics to generate business insights.