MoneyHero Ltd (NASDAQ: MNY) has seen a rise in its stock price by 21.08 in relation to its previous close of 1.12. However, the company has experienced a 26.76% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-22 that SINGAPORE, Aug. 22, 2024 (GLOBE NEWSWIRE) — MoneyHero Limited (NASDAQ: MNY ) (“MoneyHero” or the “Company”), a market-leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced that it has made a non-binding offer to acquire 100% of the shares of MoneySmart, the second largest player in the market. This strategic move aims to consolidate MoneyHero’s leading position and unlock significant synergies in Asia’s rapidly evolving personal finance and insurance landscape.
Is It Worth Investing in MoneyHero Ltd (NASDAQ: MNY) Right Now?
Moreover, the 36-month beta value for MNY is 1.28. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MNY is 10.21M and currently, short sellers hold a 1.79% of that float. On September 19, 2024, MNY’s average trading volume was 267.82K shares.
MNY’s Market Performance
MNY stock saw an increase of 26.76% in the past week, with a monthly gain of 5.47% and a quarterly increase of -40.00%. The volatility ratio for the week is 12.00%, and the volatility levels for the last 30 days are 10.66% for MoneyHero Ltd (MNY). The simple moving average for the last 20 days is 17.49% for MNY stock, with a simple moving average of -23.67% for the last 200 days.
MNY Trading at -2.26% from the 50-Day Moving Average
After a stumble in the market that brought MNY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.03% of loss for the given period.
Volatility was left at 10.66%, however, over the last 30 days, the volatility rate increased by 12.00%, as shares surge +8.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.58% lower at present.
During the last 5 trading sessions, MNY rose by +26.76%, which changed the moving average for the period of 200-days by -50.00% in comparison to the 20-day moving average, which settled at $1.1540. In addition, MoneyHero Ltd saw -21.51% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MNY
Current profitability levels for the company are sitting at:
- -0.48 for the present operating margin
- 0.38 for the gross margin
The net margin for MoneyHero Ltd stands at -1.69. The total capital return value is set at -0.46. Equity return is now at value -114.45, with -84.16 for asset returns.
Based on MoneyHero Ltd (MNY), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -1.05. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -2.12.
Currently, EBITDA for the company is -89.68 million with net debt to EBITDA at 0.61. When we switch over and look at the enterprise to sales, we see a ratio of -0.09. The receivables turnover for the company is 1.62for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.62.
Conclusion
To wrap up, the performance of MoneyHero Ltd (MNY) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
