In the past week, ML stock has gone up by 15.36%, with a monthly decline of -1.53% and a quarterly surge of 61.65%. The volatility ratio for the week is 10.56%, and the volatility levels for the last 30 days are 7.32% for MoneyLion Inc The simple moving average for the last 20 days is 8.51% for ML’s stock, with a simple moving average of 85.73% for the last 200 days.
Is It Worth Investing in MoneyLion Inc (NYSE: ML) Right Now?
Moreover, the 36-month beta value for ML is 2.68. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ML is 4.74M and currently, short sellers hold a 5.63% of that float. On May 09, 2024, ML’s average trading volume was 175.47K shares.
ML) stock’s latest price update
MoneyLion Inc (NYSE: ML) has experienced a rise in its stock price by 8.54 compared to its previous closing price of 71.53. However, the company has seen a gain of 15.36% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-08 that MoneyLion (ML) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Analysts’ Opinion of ML
Many brokerage firms have already submitted their reports for ML stocks, with Needham repeating the rating for ML by listing it as a “Buy.” The predicted price for ML in the upcoming period, according to Needham is $90 based on the research report published on April 03, 2024 of the current year 2024.
Lake Street, on the other hand, stated in their research note that they expect to see ML reach a price target of $75. The rating they have provided for ML stocks is “Buy” according to the report published on December 19th, 2023.
B. Riley Securities gave a rating of “Buy” to ML, setting the target price at $21 in the report published on July 27th of the previous year.
ML Trading at 14.48% from the 50-Day Moving Average
After a stumble in the market that brought ML to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.76% of loss for the given period.
Volatility was left at 7.32%, however, over the last 30 days, the volatility rate increased by 10.56%, as shares sank -1.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +48.85% upper at present.
During the last 5 trading sessions, ML rose by +15.36%, which changed the moving average for the period of 200-days by +537.44% in comparison to the 20-day moving average, which settled at $71.50. In addition, MoneyLion Inc saw 23.85% 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 ML starting from Gary Jeff, who sale 945 shares at the price of $61.10 back on Mar 15 ’24. After this action, Gary Jeff now owns 7,731 shares of MoneyLion Inc, valued at $57,741 using the latest closing price.
Choubey Diwakar, the CEO and Director of MoneyLion Inc, sale 9,338 shares at $72.87 during a trade that took place back on Mar 13 ’24, which means that Choubey Diwakar is holding 796,024 shares at $680,500 based on the most recent closing price.
Stock Fundamentals for ML
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.61 for the gross margin
The net margin for MoneyLion Inc stands at -0.06. The total capital return value is set at 0.02. Equity return is now at value -10.74, with -5.29 for asset returns.
Currently, EBITDA for the company is 19.48 million with net debt to EBITDA at -4.05. When we switch over and look at the enterprise to sales, we see a ratio of 1.65. The receivables turnover for the company is 2.47for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.90.
Conclusion
To wrap up, the performance of MoneyLion Inc (ML) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
