is it good to buy Fpay stock right now

The FPAY stock is currently trading at $1.24 with a trading volume of 11,332 shares as of July 2, 2024.

1. Financial Performance: FlexShopper has a negative net profit margin and operating profit margin, indicating that the company is not currently profitable. However, it does have a positive free cash flow of $2.03 million and a total revenue year-on-year growth rate of 10.26%. This suggests that the company is generating cash and growing its revenue, which could be positive signs for investors.
2. Analyst Ratings and Price Targets: The stock has a consensus rating of "Strong Buy" from analysts, with an average price target of $2.5. This suggests that analysts are optimistic about the stock's future performance.
3. Technical Indicators: The stock's 5-day moving average is $1.26, and its 10-day moving average is $1.24. The 50-day moving average is $1.14. The stock is currently trading above its 5-day and 10-day moving averages, which could indicate a short-term upward trend.
4. Support and Resistance Levels: The stock's support level is at $1.19, and its resistance level is at $1.27. The stock is currently trading near its resistance level, which could be a point of interest for investors.
5. Insider Activity: There has been significant insider buying by Howard Dvorkin, who has purchased a total of 20,467 shares. Insider buying can be a positive signal as it suggests that individuals with knowledge of the company's operations have confidence in its future.

In conclusion, while the financial performance of FlexShopper is currently weak, the positive analyst ratings, technical indicators, and insider buying activity suggest that the stock may have potential. However, it's important to consider your investment goals and risk tolerance before making any investment decisions. It's also advisable to monitor the stock market and company news closely for any updates that could impact the stock's performance.