The stock price of Flywire Corp (NASDAQ: FLYW) has jumped by 0.34 compared to previous close of 17.44. Despite this, the company has seen a gain of 2.64% in its stock price over the last five trading days. globenewswire.com reported 2024-10-17 that BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) — Today, Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that its third quarter 2024 financial results will be released after market close on Thursday, November 7, 2024. Flywire will host a conference call to discuss its third quarter 2024 financial results at 5:00pm ET the same day. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, and Cosmin Pitigoi, CFO.
Is It Worth Investing in Flywire Corp (NASDAQ: FLYW) Right Now?
The 36-month beta value for FLYW is at 0.97. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 7 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for FLYW is 118.30M, and currently, shorts hold a 5.51% of that float. The average trading volume for FLYW on October 25, 2024 was 1.11M shares.
FLYW’s Market Performance
FLYW’s stock has seen a 2.64% increase for the week, with a 7.03% rise in the past month and a -5.51% fall in the past quarter. The volatility ratio for the week is 3.29%, and the volatility levels for the past 30 days are at 3.68% for Flywire Corp. The simple moving average for the past 20 days is 5.07% for FLYW’s stock, with a -10.25% simple moving average for the past 200 days.
Analysts’ Opinion of FLYW
Many brokerage firms have already submitted their reports for FLYW stocks, with Wells Fargo repeating the rating for FLYW by listing it as a “Equal Weight.” The predicted price for FLYW in the upcoming period, according to Wells Fargo is $18 based on the research report published on October 11, 2024 of the current year 2024.
Wedbush, on the other hand, stated in their research note that they expect to see FLYW reach a price target of $18. The rating they have provided for FLYW stocks is “Neutral” according to the report published on May 24th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to FLYW, setting the target price at $30 in the report published on March 01st of the current year.
FLYW Trading at 2.49% 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 -44.51% of loss for the given period.
Volatility was left at 3.68%, however, over the last 30 days, the volatility rate increased by 3.29%, as shares surge +4.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.91% lower at present.
During the last 5 trading sessions, FLYW rose by +2.64%, which changed the moving average for the period of 200-days by -20.38% in comparison to the 20-day moving average, which settled at $16.66. In addition, Flywire Corp saw -24.41% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FLYW starting from Butterfield Peter, who sale 4,747 shares at the price of $17.29 back on Sep 09 ’24. After this action, Butterfield Peter now owns 267,435 shares of Flywire Corp, valued at $82,092 using the latest closing price.
Peter Butterfield, the Officer of Flywire Corp, proposed sale 4,747 shares at $17.29 during a trade that took place back on Sep 09 ’24, which means that Peter Butterfield is holding shares at $82,092 based on the most recent closing price.
Stock Fundamentals for FLYW
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.61 for the gross margin
The net margin for Flywire Corp stands at -0.02. The total capital return value is set at -0.02. Equity return is now at value -1.26, with -1.00 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 32.1. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -40.77.
Currently, EBITDA for the company is 11.78 million with net debt to EBITDA at -35.72. When we switch over and look at the enterprise to sales, we see a ratio of 3.67. The receivables turnover for the company is 3.73for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.01.
Conclusion
In conclusion, Flywire Corp (FLYW) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
