MoneyHero Ltd (NASDAQ: MNY) is -11.91% lower on its value in year-to-date trading and has touched a low of $0.55 and a high of $1.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MNY stock was last observed hovering at around $1.23 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $1.62, the stock is 73.40% and 95.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing 31.71% at the moment leaves the stock 68.38% off its SMA200. MNY registered 44.64% gain for a year compared to 6-month loss of 45.95%. The firm has a 50-day simple moving average (SMA 50) of $0.80516 and a 200-day simple moving average (SMA200) of $0.95934.
The stock witnessed a 92.88% gain in the last 1 month and extending the period to 3 months gives it a 121.92%, and is 50.00% 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 17.45% over the week and 12.67% over the month.
MoneyHero Ltd (MNY) has around 286 employees, a market worth around $69.99M and $71.65M in sales. Fwd P/E is 9.53. Profit margin for the company is -38.67%. Distance from 52-week low is 193.90% and -12.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-61.21%).
The EPS is expected to grow by 95.56% this year, but quarterly earnings will post 26.02% year-over-year.
11.0 institutions hold shares in MoneyHero Ltd (MNY), with institutional investors hold 1.60% of the company’s shares. The shares outstanding are 29.95M, and float is at 11.89M with Short Float at 1.90%. Institutions hold 0.69% of the Float.
The top institutional shareholder in the company is DIAMETRIC CAPITAL, LP with over 77767.0 shares valued at $0.15 million. The investor’s holdings represent 0.1909 of the MNY Shares outstanding. As of 2024-06-30, the second largest holder is ORLAND PROPERTIES LTD with 69297.0 shares valued at $0.13 million to account for 0.1701 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 50246.0 shares representing 0.1233 and valued at over $94964.0, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 0.1092 of the shares totaling 44500.0 with a market value of $84105.0.
