Market Watch: FingerMotion Inc (FNGR)’s Noteworthy Drop, Closing at 2.99

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

As of close of business last night, FingerMotion Inc’s stock clocked out at $2.99, down -10.21% from its previous closing price of $3.33. In other words, the price has decreased by -$10.21 from its previous closing price. On the day, 1.06 million shares were traded.

Ratios:

To gain a deeper understanding of FNGR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.41 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on June 22, 2023, initiated with a Buy rating and assigned the stock a target price of $5.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 5.09 while its Price-to-Book (P/B) ratio in mrq is 16.70.

Stock Price History:

Over the past 52 weeks, FNGR has reached a high of $3.80, while it has fallen to a 52-week low of $1.03. The 50-Day Moving Average of the stock is 93.10%, while the 200-Day Moving Average is calculated to be 71.02%.

Shares Statistics:

A total of 53.81M shares are outstanding, with a floating share count of 41.92M. Insiders hold about 26.63% of the company’s shares, while institutions hold 3.06% stake in the company.

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