The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. FlexShopper Inc. shares valued at $10,100 were purchased by Dvorkin Howard on Jun 16. At $1.01 per share, Dvorkin Howard acquired 10,000 shares. The insider’s holdings grew to 3,862,956 shares worth approximately $3.82 million following the completion of this transaction.
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Also, Dvorkin Howard purchased 15,000 shares, netting a total of over 16,050 in proceeds. Following the buying of shares at $1.07 each, the insider now holds 3,852,956 shares.
Before that, Dvorkin Howard had added 20,200 shares to its account. In a trade valued at $22,422, the Director bought FlexShopper Inc. shares for $1.11 each. Upon closing the transaction, the insider’s holdings increased to 20,200 shares, worth approximately $3.8 million.
As published in their initiating research note from Ascendiant Capital Markets on April 10, 2019, FlexShopper Inc. [FPAY] has been a Buy and the price target has been revised to $3. This represents a 67.0% premium over Wednesday’s closing price.
Analyzing FPAY’s Price Performance
On Wednesday, FlexShopper Inc. [NASDAQ: FPAY] rose 6.25% to $0.99. The stock’s lowest price that day was $0.9337, but it reached a high of $1.015 in the same session. During the last five days, there has been a drop of approximately -3.56%. Over the course of the year, FlexShopper Inc. shares have dropped approximately -57.73%. Shares of the company reached a 52-week high of $2.4200 on 01/03/22 and a 52-week low of $0.8301 on 05/16/22. A 50-day SMA is recorded $1.1528, while a 200-day SMA reached $1.9992. Nevertheless, trading volume fell to 19256.0 shares from 88300.0 shares the previous day.
Support And Resistance Levels for FlexShopper Inc. (FPAY)
According to the 24-hour chart, there is a support level at 0.9463, which, if violated, would cause prices to drop to 0.8994. In the upper region, resistance lies at 1.0276. The next price resistance is at 1.0620. RSI (Relative Strength Index) is 39.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1206, which suggests the price will decrease in the coming days. Percent R is at 61.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is FlexShopper Inc. subject to short interest?
Stocks of FlexShopper Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by 43030.0 shares to 62720.0. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 0.11 million shares. A decline of -68.61% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.84 of the overall float, the days-to-cover ratio (short ratio) decline to 1.84.
Which companies own the most shares of FlexShopper Inc. (FPAY)?
According to Waterfall Asset Management LLC filings, the company currently owns 1,629,546 shares, which is about 7.54% of the total FPAY shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 1629546.0 shares. With the completion of the sale, Perkins Capital Management, Inc.’s stake is now worth $1,557,230. The Vanguard Group, Inc. reduced a 0.00% interest valued at $0.72 million while Benchmark Financial Wealth Adviso sold a 0 stake. A total of -66,794 shares of FlexShopper Inc. were sold by Renaissance Technologies LLC during the quarter, and 0 were sold by UBS Financial Services, Inc. In its current portfolio, Geode Capital Management LLC holds 98,289 shares valued at $0.11 million.
In terms of FlexShopper Inc. share price expectations, FactSet research, analysts set an average price target of $3.67 in the next 12 months, up nearly 168.82% from the previous closing price of $0.93. Analysts anticipate FlexShopper Inc. stock to reach $6.50 by 2022, with the lowest price target being $2.00. In spite of this, 3 analysts ranked FlexShopper Inc. stock as a Buy at the end of 2022.