FlexShopper, Inc. (NASDAQ:FPAY – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 50,400 shares, a growth of 18.3% from the August 15th total of 42,600 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 78,400 shares, the days-to-cover ratio is currently 0.6 days.
FlexShopper Price Performance
Shares of NASDAQ FPAY opened at $1.07 on Tuesday. The stock has a market capitalization of $23.27 million, a price-to-earnings ratio of -3.24 and a beta of 1.03. FlexShopper has a 12 month low of $0.59 and a 12 month high of $2.47. The firm’s 50 day simple moving average is $1.36 and its 200-day simple moving average is $1.11. The company has a debt-to-equity ratio of 11.27, a current ratio of 12.51 and a quick ratio of 12.51.
FlexShopper (NASDAQ:FPAY – Get Free Report) last released its quarterly earnings results on Monday, August 14th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.18). FlexShopper had a negative net margin of 3.80% and a negative return on equity of 217.90%. The company had revenue of $24.53 million during the quarter, compared to analyst estimates of $36.36 million. Analysts expect that FlexShopper will post -0.73 EPS for the current year.
Institutional Investors Weigh In On FlexShopper
Wall Street Analyst Weigh In
Separately, HC Wainwright dropped their price objective on shares of FlexShopper from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th.
FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers durable products, including consumer electronics; home appliances; computers, including tablets and wearables; smartphones; tires; and jewelry and furniture, such as accessories.
- Five stocks we like better than FlexShopper
- Short Selling: How to Short a Stock
- 2 Recession-Proof Intelligence Stocks to Defend Your Portfolio
- How to Buy Bitcoin Stock: 3 Easy Ways to Do It
- 5 Reasons Mullen Automotive is About to Turn a Corner
- 3 Tickers Leading a Meme Stock Revival
- Qualcomm and Apple Forge Ahead with New Modem Partnership
Receive News & Ratings for FlexShopper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FlexShopper and related companies with MarketBeat.com's FREE daily email newsletter.