FPAY Stock Summary and Trading Ideas (Flexshopper | NASDAQ:FPAY)

FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers. Its products include electronics, computers, furniture, mattresses, cameras and camcorders, audio, musical instruments, health, fitness and sports, video games, homes, gardens and tools, appliances, and vacuums on a payment, lease basis. The firm generates a majority of its revenue by leasing its products. The company enables consumers utilizing its e-commerce marketplace to shop for brand-name electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis.

Flexshopper trades on the NASDAQ stock market under the symbol FPAY.

As of April 24, 2024, FPAY stock price declined to $1.07 with 34,748 million shares trading.

FPAY has a beta of 0.85, meaning it tends to be less sensitive to market movements. FPAY has a correlation of 0.01 to the broad based SPY ETF.

FPAY has a market cap of $23.10 million. This is considered a Sub-Micro Cap stock.

Last quarter Flexshopper reported $30 million in Revenue and -$.16 earnings per share. This fell short of revenue expectation by $-239,000 and exceeded earnings estimates by $.09.

In the last 3 years, FPAY stock traded as high as $3.82 and as low as $.59.

The top ETF exchange traded funds that FPAY belongs to (by Net Assets): VTI, VXF.

FPAY has outperformed the market in the last year with a return of +37.8%, while the SPY ETF gained +24.2%. However, in the most recent history, FPAY shares have underperformed the stock market with its stock returning -7.8% in the last 3 month period and -13.0% for the last 2 week period, while SPY has returned +4.6% and -2.7%, respectively.

FPAY support price is $1.02 and resistance is $1.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FPAY stock will trade within this expected range on the day.