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

FingerMotion (NASDAQ:FNGR) announced its quarterly earnings results on Thursday. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05), FiscalAI reports. The business had revenue of $0.28 million for the quarter, compared to analyst estimates of $6.00 million. FingerMotion had a negative return on equity of 69.48% and a negative net margin of 130.45%.

FingerMotion Stock Performance

Shares of FingerMotion stock traded down $0.02 on Friday, reaching $0.17. The stock had a trading volume of 3,496,797 shares, compared to its average volume of 44,971,352. The business’s 50-day moving average price is $0.20 and its two-hundred day moving average price is $0.50. FingerMotion has a fifty-two week low of $0.13 and a fifty-two week high of $1.74. The stock has a market cap of $12.23 million, a P/E ratio of -1.00 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 report on Friday, September 18th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, FingerMotion currently has an average rating of “Sell”.

About FingerMotion

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.