A new trading day began on May 22, 2023, with MoneyGram International Inc. (NASDAQ: MGI) stock priced at $10.97. During the day, the shares moved up to $10.97 and dropped to $10.96 before settling in for the closing price of $10.96. MGI’s price has ranged from $8.59 to $10.97 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Financial sector was -3.90%. Meanwhile, its annual earnings per share averaged 180.90%. With a float of $89.28 million, this company’s outstanding shares have now reached $97.20 million.
Considering the fact that the conglomerate employs 3186 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +43.37, operating margin of +10.03, and the pretax margin is +3.04.
MoneyGram International Inc. (MGI) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Credit Services Industry. The insider ownership of MoneyGram International Inc. is 0.30%, while institutional ownership is 89.60%.
MoneyGram International Inc. (MGI) Earnings and Forecasts
In its latest quarterly report, released on 3/30/2023, the company reported earnings of $0.11 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +2.61. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 180.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.50% during the next five years compared to 19.20% growth over the previous five years of trading.
MoneyGram International Inc. (NASDAQ: MGI) Trading Performance Indicators
Here are MoneyGram International Inc.’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 0.80. Likewise, its price to free cash flow for the trailing twelve months is 23.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.34, a number that is poised to hit 0.13 in the next quarter
Technical Analysis of MoneyGram International Inc. (MGI)
Compared to the last year’s volume of 2.54 million, its volume of 2.48 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 87.50%. Additionally, its Average True Range was 0.20.
During the past 100 days, MoneyGram International Inc.’s (MGI) raw stochastic average was set at 99.58%, which indicates a significant increase from 99.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.86% in the past 14 days, which was higher than the 26.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.50, while its 200-day Moving Average is $10.63. Nevertheless, the first resistance level for the watch stands at $10.97 in the near term. At $10.97, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.98. If the price goes on to break the first support level at $10.96, it is likely to go to the next support level at $10.95. Should the price break the second support level, the third support level stands at $10.95.
MoneyGram International Inc. (NASDAQ: MGI) Key Stats
With a market capitalization of 1.07 billion, the company has a total of 97,736K Shares Outstanding. Currently, annual sales are 1,310 M while annual income is 34,200 K. The company’s previous quarter sales were 337,500 K while its latest quarter income was 5,000 K.
