International Money Express Inc. [NASDAQ: IMXI] stock went on an upward path that rose over 9.02% on Friday, amounting to a one-week price increase of more than 3.07%. The company report on August 5, 2020 that International Money Express Updates 2Q20 Earnings Presentation with Immaterial Revision.
International Money Express, Inc. (NASDAQ: IMXI) has revised slide 5 of its second quarter earnings presentation to correct an immaterial error regarding online customer and online transaction growth for the second quarter of 2020. This revision does not change any other information contained in the presentation. The updated presentation can be found on the company website at https://investors.intermexonline.com/news-events/events.
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Investor RelationsMike Gallentine, Vice President of Investor Relationsmgallentine@intermexusa.com305-671-8005.
Over the last 12 months, IMXI stock rose by 28.49%. The one-year International Money Express Inc. stock forecast points to a potential downside of -51.08. The average equity rating for IMXI stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $632.74 million, with 38.04 million shares outstanding and 20.96 million shares in the current float. Compared to the average trading volume of 134.53K shares, IMXI stock reached a trading volume of 1096909 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on International Money Express Inc. [IMXI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IMXI shares is $12.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IMXI stock is a recommendation set at 2.50. 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.
JMP Securities have made an estimate for International Money Express Inc. shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on August 05, 2020. While these analysts kept the previous recommendation, Cowen dropped their target price from $17 to $13. The new note on the price target was released on March 10, 2020, representing the official price target for International Money Express Inc. stock.
The Average True Range (ATR) for International Money Express Inc. is set at 0.80, with the Price to Sales ratio for IMXI stock in the period of the last 12 months amounting to 1.91. The Price to Book ratio for the last quarter was 9.59, with the Price to Cash per share for the same quarter was set at 2.92. Price to Free Cash Flow for IMXI in the course of the last twelve months was 17.43 with Quick ratio for the last quarter at 1.90.
IMXI Stock Performance Analysis:
International Money Express Inc. [IMXI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.07. With this latest performance, IMXI shares gained by 37.14% in over the last four-week period, additionally plugging by 65.72% over the last 6 months – not to mention a rise of 28.49% 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 IMXI stock in for the last two-week period is set at 79.79, with the RSI for the last a single of trading hit 80.45, and the three-weeks RSI is set at 77.02 for International Money Express Inc. [IMXI]. The present Moving Average for the last 50 days of trading for this stock 13.43, while it was recorded at 17.21 for the last single week of trading, and 11.58 for the last 200 days.
Insight into International Money Express Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and International Money Express Inc. [IMXI] shares currently have an operating margin of -2.68 and a Gross Margin at +7.00. International Money Express Inc.’s Net Margin is presently recorded at +7.12.
Return on Total Capital for IMXI is now -4.73, given the latest momentum, and Return on Invested Capital for the company is 13.01. Return on Equity for this stock inclined to 39.05, with Return on Assets sitting at 8.33. When it comes to the capital structure of this company, International Money Express Inc. [IMXI] has a Total Debt to Total Equity ratio set at 169.15. Additionally, IMXI Total Debt to Total Capital is recorded at 62.85, with Total Debt to Total Assets ending up at 40.12. Long-Term Debt to Equity for the company is recorded at 156.56, with the Long-Term Debt to Total Capital now at 58.17.
Reflecting on the efficiency of the workforce at the company, International Money Express Inc. [IMXI] managed to generate an average of $79,389 per employee. Receivables Turnover for the company is 7.18 with a Total Asset Turnover recorded at a value of 1.17.International Money Express Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.
IMXI Stock EPS
With the latest financial reports released by the company, International Money Express Inc. posted 0.11/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -21.40%. 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 IMXI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for International Money Express Inc. go to 0.55%.
International Money Express Inc. [IMXI] Insider Position Details
There are presently around $430 million, or 62.20% of IMXI stock, in the hands of institutional investors. The top three institutional holders of IMXI stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 3,582,078, which is approximately -2.297% of the company’s market cap and around 0.40% of the total institutional ownership; NANTAHALA CAPITAL MANAGEMENT, LLC, holding 2,912,690 shares of the stock with an approximate value of $52.81 million in IMXI stocks shares; and CONIFER MANAGEMENT, L.L.C., currently with $47.03 million in IMXI stock with ownership of nearly 0% of the company’s market capitalization.
Positions in International Money Express Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 46 institutional holders increased their position in International Money Express Inc. [NASDAQ:IMXI] by around 1,678,100 shares. Additionally, 37 investors decreased positions by around 702,694 shares, while 17 investors held positions by with 21,334,642 shares. The mentioned changes placed institutional holdings at 23,715,436 shares, according to the latest SEC report filing. IMXI stock had 18 new institutional investments in for a total of 1,366,879 shares, while 11 institutional investors sold positions of 222,226 shares during the same period.