FingerMotion and Univest Securities End Issuance Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
0mins
Source: Business Insider
Termination of Sales Agreement: FingerMotion, Inc. and Univest Securities, LLC have mutually agreed to terminate their At-the-Market Issuance Sales Agreement effective December 16, 2024, which may affect FingerMotion's future capital-raising efforts and financial strategies.
Current Stock Performance: FingerMotion's year-to-date price performance is down by 45.52%, with a market cap of $117.8 million and a consensus rating of "Buy" from analysts.
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Analyst Views on FNGR
About FNGR
FingerMotion, Inc. (FingerMotio) is a mobile data specialist company. FingerMotio's business line includes Telecommunications Products and Services, Value Added Products and Services, Short Message Services (SMS) and Multimedia Messaging Services (MMS), Rich Communication Services (RCS) platform, Big Data Insights, and the Video Games Division. The Telecommunication products and services offer payment and recharge services, data plans, subscription plans, mobile phones, loyalty points redemption and other product bundles. It provides mobile payment and recharge services to customers in China. The SMS and MMS services offer bulk SMS services to end consumers. The RCS platform is a messaging platform that enables businesses and brands to communicate and service customers on the 5th Generation (5G) infrastructure. The Company's Big Data Insights, through its Sapientus platform, delivers data-driven solutions and insights for businesses within the insurance and healthcare sectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Need for Strategic Adjustment: Given the current financial situation, FingerMotion must reassess its market strategy and product positioning to adapt to the changing market environment and restore growth momentum.
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