FlexShopper Inc. (NASDAQ:FPAY) shares fell to a low of $2.621 before closing at $2.85. Intraday shares traded counted 0.46 million, which was -170.86% lower than its 30-day average trading volume of 169.81K. FPAY’s previous close was $2.71 while the outstanding shares total 21.37M. The firm has a beta of 1.24. The stock’s Relative Strength Index (RSI) is 59.88, with weekly volatility at 11.01% and ATR at 0.19. The FPAY stock’s 52-week price range has touched low of $1.36 and a $3.95 high. The stock traded higher over the last trading session, gaining 5.17% on 06/03/21.
Investors have identified the Rental & Leasing Services company FlexShopper Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $63.24 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
FlexShopper Inc. (FPAY) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 57.59 million total, with 8.05 million as their total liabilities.
FPAY were able to record -1.3 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by -2.23 million. In cash movements, the company had a total of -0.56 million as operating cash flow.
Potential earnings growth for FlexShopper Inc. (FPAY)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, FlexShopper Inc. recorded a total of 32.78 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 24.22% coming in sequential stages and their sales for the 08/11/2021 quarter increasing by 14.16%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 22.53 million trying to sell their products during the last quarter, with the result yielding a gross income of 10.26 million. This allows shareholders to hold on to 21.37M with the recently reported earning now reading 0.00 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (-0.03 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.69 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FPAY sounds very interesting.
Is the stock of FPAY attractive?
In related news, Director, Katz Thomas O. bought 4,900 shares of the company’s stock in a transaction that recorded on Jun 02. The purchase was performed at an average price of 2.67, for a total value of 13,083. As the purchase deal closes, the Director, Dvorkin Howard now bought 31,004 shares of the company’s stock, valued at 80,610. Also, Director, Katz Thomas O. bought 2,600 shares of the company’s stock in a deal that was recorded on Jun 01. The shares were cost at an average price of 2.51 per share, with a total market value of 6,526. Following this completion of disposal, the Director, Dvorkin Howard now holds 41,757 shares of the company’s stock, valued at 111,524. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.