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FingerMotion Inc. (FNGR): Get Prepared for Trading Lift Off

Let’s start up with the current stock price of FingerMotion Inc. (FNGR), which is $4.90 to be very precise. The Stock rose vividly during the last session to $5.19 after opening rate of $4.86 while the lowest price it went was recorded $4.60 before closing at $5.06.Recently in News on October 28, 2022, FingerMotion Retains Law Firms to Investigate Recent Market Activity. FingerMotion, Inc. (“FingerMotion” or the “Company”) (NASDAQ:FNGR), a mobile data and services company, announces that its Board of Directors, after carefully reviewing the trading history of its common stock from September 1, 2022 to the present, believes that the Company may have been the target of a market manipulation scheme involving naked short selling of fictitious shares of its common stock that were neither authorized nor issued by the Company. You can read further details here

FingerMotion Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $9.80 on 10/12/22, with the lowest value was $0.62 for the same time period, recorded on 09/22/22.

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FingerMotion Inc. (FNGR) full year performance was -21.97%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, FingerMotion Inc. shares are logging -49.97% during the 52-week period from high price, and 690.32% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.62 and $9.80.

The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 396600 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the FingerMotion Inc. (FNGR) recorded performance in the market was -31.08%, having the revenues showcasing 412.55% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 183.11M, as it employees total of 68 workers.

Specialists analysis on FingerMotion Inc. (FNGR)

During the last month, 0 analysts gave the FingerMotion Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.20, with a change in the price was noted +3.55. In a similar fashion, FingerMotion Inc. posted a movement of +262.96% for the period of last 100 days, recording 2,408,063 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FNGR is recording 2.50 at the time of this writing. In addition, long term Debt to Equity ratio is set at 2.18.

Trends and Technical analysis: FingerMotion Inc. (FNGR)

Raw Stochastic average of FingerMotion Inc. in the period of last 50 days is set at 46.65%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 8.36%. In the last 20 days, the company’s Stochastic %K was 9.08% and its Stochastic %D was recorded 12.55%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -31.08%. Additionally, trading for the stock in the period of the last six months notably improved by 176.84%, alongside a downfall of -21.97% for the period of the last 12 months. The shares increased approximately by -9.93% in the 7-day charts and went up by -26.65% in the period of the last 30 days. Common stock shares were driven by 412.55% during last recorded quarter.

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