Flywire Corporation (NASDAQ: FLYW) is 21.45% higher on its value in year-to-date trading and has touched a low of $14.56 and a high of $32.01 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FLYW stock was last observed hovering at around $30.36 in the last trading session, with the day’s loss setting it -0.64% off its average median price target of $35.00 for the next 12 months. It is also 23.79% off the consensus price target high of $39.00 offered by 13 analysts, but current levels are -6.14% lower than the price target low of $28.00 for the same period.
Currently trading at $29.72, the stock is 0.58% and 2.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -2.11% at the moment leaves the stock 18.34% off its SMA200. FLYW registered 69.83% gain for a year compared to 6-month gain of 47.35%. The firm has a 50-day simple moving average (SMA 50) of $9.16 and a 200-day simple moving average (SMA200) of -$175.52.
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The stock witnessed a 5.13% loss in the last 1 month and extending the period to 3 months gives it a 22.51%, and is -4.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.81% over the week and 5.05% over the month.
Flywire Corporation (FLYW) has around 1000 employees, a market worth around $3.31B and $319.20M in sales. Profit margin for the company is -10.30%. Distance from 52-week low is 104.12% and -7.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.70%).
Flywire Corporation (FLYW) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Flywire Corporation (FLYW) is a “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 1.60, where 1 rate it as a Hold and 0 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Flywire Corporation is expected to release its quarterly report on 08/08/2023.The EPS is expected to shrink by -41.10% this year
Flywire Corporation (FLYW) Top Institutional Holders
The shares outstanding are 109.79M, and float is at 101.98M with Short Float at 2.53%.
Flywire Corporation (FLYW) Insider Activity
A total of 144 insider transactions have happened at Flywire Corporation (FLYW) in the last six months, with sales accounting for 93 and purchases happening 51 times. The most recent transaction is an insider sale by King David R., the company’s Chief Technology Officer. SEC filings show that King David R. sold 26,053 shares of the company’s common stock on May 23 at a price of $31.76 per share for a total of $0.83 million. Following the sale, the insider now owns 0.38 million shares.
Flywire Corporation disclosed in a document filed with the SEC on May 22 that King David R. (Chief Technology Officer) sold a total of 13,947 shares of the company’s common stock. The trade occurred on May 22 and was made at $31.51 per share for $0.44 million. Following the transaction, the insider now directly holds 0.4 million shares of the FLYW stock.
Still, SEC filings show that on May 18, Harris Matthew C (Director) disposed off 1,000,000 shares at an average price of $30.60 for $30.6 million. The insider now directly holds 7,795,388 shares of Flywire Corporation (FLYW).
Flywire Corporation (FLYW): Who are the competitors?
The company’s main competitors (and peers) include Global Payments Inc. (GPN) that is trading -19.01% down over the past 12 months. Euronet Worldwide Inc. (EEFT) is -1.50% down on the 1-year trading charts.