Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>FNGR stock lost 10.33% of its trading price in the August 4 trading session.&nbsp;</a> </li> 
 <li> <span>2</span> <a>In the 52-weeks trading session, FNGR stock’s lowest trading price was $0.62, and its highest traded price was $9.80.&nbsp;</a> </li> 
 <li> <span>3</span> <a>FingerMotion, Inc. stock traded above the 50-day and 200-day exponential moving averages.</a> </li> 
</ul> 
<p>NASDAQ: FNGR stock lost 10.33% of its trading price in the August 4 trading session; it opened trading at $5.99, lowering to $5.15 it hit a high of $6 and closed trading at $5.21 with an intraday trading volume of 702.032k.&nbsp;</p> 
<p>Despite intraday losses, FNGR stock price surged over 15.78% weekly and more than 24.05% monthly. At press time FingerMotion, Inc. shares were trading above the estimated price target of 2023, which was $5.</p> 
<p>In the 52 weeks trading session, FNGR stock’s lowest trading price was $0.62, and its highest traded price was $9.80. FingerMotion, Inc.’s market capitalization is $270.858 Million, and its share average trading volume is 793.032k.</p> 
<h2 class="wp-block-heading" id="strong-fngr-stock-price-analysis-strong"><strong>FNGR Stock Price Analysis</strong></h2> 
<p>Other than the last trading session, buyers were more aggressive, which helped the FNGR stock to trade around $6 but on August 4, sellers overruled buyers and dragged the price downwards.&nbsp;</p> 
<p>After analyzing the technical aspects of FNGR stock, it is noted that further bearishness is possible as prices are falling to sustain at any specific level. In case of further bearish momentum, prices might face immediate support of $4.20, and if it continues the decline, it might face support of $3.98.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/1IBlyUfv17TKNyJgjWbPmWF1OVNxmP3hPiPNv9Jv5FoCtI_tUvbkgnLSIaRcGBtNBRBGHuGyqC--Ryc3lkQ518VFW7u8ozh6C5wPPaez9plIBIxmqpDFExZ_PUCeCXlhAgq1b2DKjbc3-b6UUSdNRA" alt="FNGR Stock Lost Over 10% Intraday; Sellers Planning Something?"> 
  <figcaption class="wp-element-caption">
    Source: FNGR stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>If buyers try to establish their positions and succeed, FNGR stock might face immediate resistance of $6.31 and the following possible resistance of $7.03. If the price consolidates in the range of $3 to $3.98, then possibilities of further buying might increase.</p> 
<p>FingerMotion, Inc. stock is trading above the 50-day and 200-day exponential moving averages. In the past six months, FNGR share price surged around 53.69%, and in a year, the price rose more than 369.37%.</p> 
<h3 class="wp-block-heading" id="strong-fingermotion-inc-earnings-revenue-strong"><strong>FingerMotion, Inc Earnings &amp; Revenue&nbsp;</strong></h3> 
<p>In Q1 2023, the company’s reported revenue was $12.17 Million, including -$1.27 Million of net income and a profit margin of -10.40%. In the financial year 2022 FingerMotion, Inc. reported 48.71% more revenue than the estimated figure. The estimated revenue for 2022 was $22.09 Million; however, the company reported $34.05 Million.</p> 
<p>From the total reported revenue of 2022 revenue to profit conversion of <a href="https://www.thecoinrepublic.com/2023/08/06/will-mpc-stock-nyse-mpc-register-breakout-above-140/" target="_blank" rel="noopener noreferrer nofollow">the company </a>includes 7% of gross profit, -19% of earnings before interest, taxes, depreciation, and amortization (EBITDA), -19% of earnings before interest and taxes (EBIT) and -22% of net income.&nbsp;</p> 
<p>According to TradingView, 26.812 Million FNGR shares are free-floating, and the remaining 25.176 Million shares are closely held by <a href="https://www.thecoinrepublic.com/2023/08/06/general-dynamics-gd-stock-price-enters-into-corrective-phase/" target="_blank" rel="noopener noreferrer nofollow">the company’s</a> financial backers or the board of directors.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<p>Major Resistance: $6.31 &amp; $7.03</p> 
<p>Major Support: $4.20 &amp; $3.98</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>FNGR stock price lost over 10% of its trading price on August 4. The decline is seen as a short-term squeeze, and the price might bounce back to a higher position by the end of this month.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

FNGR Stock Lost Over 10% Intraday; Sellers Planning Something?

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 7, 2023

NEOPIN Kicks Off Japan Expansion

Tether CTO Speaks About The Recent USDT FUD: “Some Crypto Companies Fail to Disclose the Source o...

Tesla CFO Zach Kirkhorn Resigns from Position

Big Investor Acquires 4 Trillion Shiba Inu (SHIB) Coins Before Shibarium Launch

Bitcoin Bonuses and Free Bets at Juicy Stakes Casino

Aave Community Unanimously Supports CRV Borrowing Prohibition

Join our free newsletter for daily crypto updates!