Flywire Corp (NASDAQ: FLYW) is 0.65% higher on its value in year-to-date trading and has touched a low of $15.19 and a high of $31.54 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 $22.46 in the last trading session, with the day’s gains setting it 0.84%.
Currently trading at $23.30, the stock is 11.04% and 26.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 3.74% at the moment leaves the stock 20.15% off its SMA200. FLYW registered 3.14% gain for a year compared to 6-month gain of 34.45%. The firm has a 50-day simple moving average (SMA 50) of $18.4532 and a 200-day simple moving average (SMA200) of $19.393225.
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The stock witnessed a 32.99% loss in the last 1 month and extending the period to 3 months gives it a 27.46%, and is 4.20% up 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 3.33% over the week and 4.55% over the month.
Flywire Corp (FLYW) has around 1200 employees, a market worth around $3.01B and $475.14M in sales. Current P/E ratio is 156.17 and Fwd P/E is 98.13. Profit margin for the company is 4.23%. Distance from 52-week low is 53.39% and -26.13% from its 52-week high. The company has generated returns on investments over the last 12 months (2.38%).
Flywire Corp quarterly earnings per share for the current quarter are estimated at 0.12 with sales reaching $121.25M over the same period.The EPS is expected to grow by 290.48% this year, but quarterly earnings will post 27.32% year-over-year. Quarterly sales are estimated to grow 26.17% in year-over-year returns.
308.0 institutions hold shares in Flywire Corp (FLYW), with institutional investors hold 99.35% of the company’s shares. The shares outstanding are 120.70M, and float is at 117.48M with Short Float at 4.17%. Institutions hold 96.53% of the Float.
The top institutional shareholder in the company is WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC with over 11.73 million shares valued at $192.28 million. The investor’s holdings represent 9.5269 of the FLYW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.16 million shares valued at $182.88 million to account for 9.0609 of the shares outstanding. The other top investors are FMR LLC which holds 9.08 million shares representing 7.3751 and valued at over $148.85 million, while TEMASEK HOLDINGS (PRIVATE) LTD holds 7.0527 of the shares totaling 8.68 million with a market value of $142.35 million.
Flywire Corp (FLYW) Insider Activity
The most recent transaction is an insider sale by Butterfield Peter, the company’s General Counsel and CCO. SEC filings show that Butterfield Peter sold 4,747 shares of the company’s common stock on Sep 09 ’24 at a price of $17.29 per share for a total of $82092.0. Following the sale, the insider now owns 0.27 million shares.
Still, SEC filings show that on Sep 05 ’24, Butterfield Peter (General Counsel and CCO) disposed off 1,335 shares at an average price of $17.31 for $23114.0. The insider now directly holds 272,182 shares of Flywire Corp (FLYW).
