Sunday, August 9, 2020

For MoneyGram International Inc. [MGI], Northland Capital sees a drop to $1. What next?

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MoneyGram International Inc. [NASDAQ: MGI] traded at a high on 07/30/20, posting a 5.87 gain after which it closed the day’ session at $3.79.

The results of the trading session contributed to over 4204216 shares changing hands. Over the past one week, the price volatility of MoneyGram International Inc. stands at 8.10% while the volatility over the past one month is 6.65%.

The market cap for MGI stock reached $244.45 million, with 77.40 million shares outstanding and 54.36 million shares in the current float. Compared to the average trading volume of 3.20M shares, MGI reached a trading volume of 4204216 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about MoneyGram International Inc. [MGI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MGI shares is $1.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MGI stock is a recommendation set at 3.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Northland Capital have made an estimate for MoneyGram International Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on March 24, 2020. The new note on the price target was released on April 03, 2019, representing the official price target for MoneyGram International Inc. stock.

The Average True Range (ATR) for MoneyGram International Inc. is set at 0.22, with the Price to Sales ratio for MGI stock in the period of the last 12 months amounting to 0.19.

How has MGI stock performed recently?

MoneyGram International Inc. [MGI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.08. With this latest performance, MGI shares gained by 18.07% in over the last four-week period, additionally plugging by 73.06% over the last 6 months – not to mention a rise of 54.69% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MGI stock in for the last two-week period is set at 67.03, with the RSI for the last a single of trading hit 77.22, and the three-weeks RSI is set at 66.25 for MoneyGram International Inc. [MGI]. The present Moving Average for the last 50 days of trading for this stock 3.04, while it was recorded at 3.31 for the last single week of trading, and 2.49 for the last 200 days.

MoneyGram International Inc. [MGI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and MoneyGram International Inc. [MGI] shares currently have an operating margin of -1.02 and a Gross Margin at +42.73. MoneyGram International Inc.’s Net Margin is presently recorded at -4.69.

Return on Total Capital for MGI is now -2.02, given the latest momentum, and Return on Invested Capital for the company is -10.53. Additionally, MGI Total Debt to Total Capital is recorded at 136.20, with Total Debt to Total Assets ending up at 21.61.

Reflecting on the efficiency of the workforce at the company, MoneyGram International Inc. [MGI] managed to generate an average of -$26,776 per employee. Receivables Turnover for the company is 82.91 with a Total Asset Turnover recorded at a value of 0.30.

Earnings analysis for MoneyGram International Inc. [MGI]

With the latest financial reports released by the company, MoneyGram International Inc. posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MGI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MoneyGram International Inc. go to 66.20%.

Insider trade positions for MoneyGram International Inc. [MGI]

There are presently around $63 million, or 31.00% of MGI stock, in the hands of institutional investors. The top three institutional holders of MGI stocks are: CAPITAL WORLD INVESTORS with ownership of 2,642,886, which is approximately 0% of the company’s market cap and around 9.50% of the total institutional ownership; VANGUARD GROUP INC, holding 2,218,636 shares of the stock with an approximate value of $8.41 million in MGI stocks shares; and MORGAN STANLEY, currently with $6.73 million in MGI stock with ownership of nearly 37.081% of the company’s market capitalization.

Positions in MoneyGram International Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 30 institutional holders increased their position in MoneyGram International Inc. [NASDAQ:MGI] by around 2,246,836 shares. Additionally, 59 investors decreased positions by around 5,156,769 shares, while 22 investors held positions by with 9,342,395 shares. The mentioned changes placed institutional holdings at 16,746,000 shares, according to the latest SEC report filing. MGI stock had 17 new institutional investments in for a total of 829,504 shares, while 32 institutional investors sold positions of 3,355,584 shares during the same period.

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