Flywire Corp (NASDAQ: FLYW) on Friday, soared 2.52% from the previous trading day, before settling in for the closing price of $17.05. Within the past 52 weeks, FLYW’s price has moved between $15.19 and $31.54.
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Annual sales at Technology sector company grew by 43.66% over the past five years. The company achieved an average annual earnings per share of 85.86%. With a float of $118.30 million, this company’s outstanding shares have now reached $120.70 million.
Let’s look at the performance matrix of the company that is accounted for 1200 employees. In terms of profitability, gross margin is 61.46%, operating margin of -4.3%, and the pretax margin is 0.18%.
Flywire Corp (FLYW) Insider Updates
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Flywire Corp is 5.56%, while institutional ownership is 95.82%. The most recent insider transaction that took place on Sep 09 ’24, was worth 82,092. In this transaction General Counsel and CCO of this company sold 4,747 shares at a rate of $17.29, taking the stock ownership to the 267,435 shares. Before that another transaction happened on Sep 09 ’24, when Company’s Officer proposed sale 4,747 for $17.29, making the entire transaction worth $82,092.
Flywire Corp (FLYW) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.08 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.09) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 85.86% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 61.29% during the next five years compared to 21.75% growth over the previous five years of trading.
Flywire Corp (NASDAQ: FLYW) Trading Performance Indicators
Flywire Corp (FLYW) is currently performing well based on its current performance indicators. A quick ratio of 4.01 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.96. Likewise, its price to free cash flow for the trailing twelve months is 46.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.06, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.24 in one year’s time.
Technical Analysis of Flywire Corp (FLYW)
Flywire Corp (NASDAQ: FLYW) saw its 5-day average volume 0.94 million, a negative change from its year-to-date volume of 1.41 million. As of the previous 9 days, the stock’s Stochastic %D was 79.71%. Additionally, its Average True Range was 0.67.
During the past 100 days, Flywire Corp’s (FLYW) raw stochastic average was set at 53.38%, which indicates a significant decrease from 78.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.23% in the past 14 days, which was lower than the 42.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.10, while its 200-day Moving Average is $19.59. Nevertheless, the first resistance level for the watch stands at $17.99 in the near term. At $18.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.97. If the price goes on to break the first support level at $17.02, it is likely to go to the next support level at $16.55. Assuming the price breaks the second support level, the third support level stands at $16.04.
Flywire Corp (NASDAQ: FLYW) Key Stats
Market capitalization of the company is 2.19 billion based on 124,201K outstanding shares. Right now, sales total 403,090 K and income totals -8,570 K. The company made 103,680 K in profit during its latest quarter, and -13,880 K in sales during its previous quarter.
