Flywire Corp (FLYW) Shares Up Despite Recent Market Volatility

Flywire Corp (NASDAQ: FLYW) has experienced a rise in its stock price by 1.74 compared to its previous closing price of 23.59. However, the company has seen a fall of -3.03% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-20 that The average of price targets set by Wall Street analysts indicates a potential upside of 44.3% in Flywire Corporation (FLYW). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Is It Worth Investing in Flywire Corp (NASDAQ: FLYW) Right Now?

The 36-month beta value for FLYW is also noteworthy at 1.03. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for FLYW is 115.72M, and at present, short sellers hold a 5.61% of that float. The average trading volume of FLYW on April 04, 2024 was 1.55M shares.

FLYW’s Market Performance

FLYW stock saw a decrease of -3.03% in the past week, with a monthly decline of -11.99% and a quarterly a decrease of 5.49%. The volatility ratio for the week is 3.57%, and the volatility levels for the last 30 days are 3.45% for Flywire Corp (FLYW). The simple moving average for the last 20 days is -5.38% for FLYW’s stock, with a simple moving average of -11.42% for the last 200 days.

Analysts’ Opinion of FLYW

Many brokerage firms have already submitted their reports for FLYW stocks, with Morgan Stanley repeating the rating for FLYW by listing it as a “Equal-Weight.” The predicted price for FLYW in the upcoming period, according to Morgan Stanley is $30 based on the research report published on March 01, 2024 of the current year 2024.

Deutsche Bank, on the other hand, stated in their research note that they expect to see FLYW reach a price target of $27. The rating they have provided for FLYW stocks is “Buy” according to the report published on February 06th, 2024.

Morgan Stanley gave a rating of “Overweight” to FLYW, setting the target price at $27 in the report published on January 29th of the current year.

FLYW Trading at 0.36% from the 50-Day Moving Average

After a stumble in the market that brought FLYW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.96% of loss for the given period.

Volatility was left at 3.45%, however, over the last 30 days, the volatility rate increased by 3.57%, as shares sank -9.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.07% upper at present.

During the last 5 trading sessions, FLYW fell by -3.03%, which changed the moving average for the period of 200-days by -24.91% in comparison to the 20-day moving average, which settled at $25.24. In addition, Flywire Corp saw 3.67% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FLYW starting from Massaro Michael, who sale 16,828 shares at the price of $25.06 back on Mar 20 ’24. After this action, Massaro Michael now owns 1,668,716 shares of Flywire Corp, valued at $421,651 using the latest closing price.

Massaro Michael, the Chief Executive Officer of Flywire Corp, sale 6,311 shares at $25.06 during a trade that took place back on Mar 20 ’24, which means that Massaro Michael is holding 312,440 shares at $158,132 based on the most recent closing price.

Stock Fundamentals for FLYW

Current profitability levels for the company are sitting at:

  • -0.05 for the present operating margin
  • 0.63 for the gross margin

The net margin for Flywire Corp stands at -0.02. The total capital return value is set at -0.03. Equity return is now at value -1.35, with -0.98 for asset returns.

Based on Flywire Corp (FLYW), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 55.03. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -57.84.

Currently, EBITDA for the company is 11.78 million with net debt to EBITDA at -38.94. When we switch over and look at the enterprise to sales, we see a ratio of 5.58. The receivables turnover for the company is 2.82for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.98.

Conclusion

In summary, Flywire Corp (FLYW) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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