FingerMotion Inc (FNGR) Strikes $4.08: The Risk Seems Worthwhile At This Price

FingerMotion Inc (NASDAQ:FNGR) price on Friday, May 23, fall -0.73% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.08.

A look at the stock’s price movement, the close in the last trading session was $4.11. Turning to its 52-week performance, $5.20 and $1.03 were the 52-week high and 52-week low respectively. Overall, FNGR moved 123.56% over the past month.

FingerMotion Inc’s market cap currently stands at around $233.14 million, with investors looking forward to this quarter’s earnings report slated for in June.

Turning to the stock’s technical picture we see that short term indicators suggest on average that FNGR is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.

FNGR’s current price about 19.46% and 82.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.52, while 7-day volatility ratio is 3.84% and 10.07% in the 30-day chart. Further, FingerMotion Inc (FNGR) has a beta value of -0.20, and an average true range (ATR) of 0.46.

If we refocus on FingerMotion Inc (NASDAQ:FNGR), historical trading data shows that trading volumes averaged 636.35K over the past 3 months. The company’s latest data on shares outstanding shows there are 53.81 million shares.

The 26.63% of FingerMotion Inc’s shares are in the hands of company insiders while institutional holders own 1.55% of the company’s shares. Current price change has pushed the stock 240.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FNGR stock continues to rise going into the next quarter.

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