MoneyGram International Inc. [MGI] gain 126.19% so far this year. What now?

MoneyGram International Inc. [NASDAQ: MGI] closed the trading session at $4.75 on 10/21/20. The day’s price range saw the stock hit a low of $4.64, while the highest price level was $5.19. The company report on October 15, 2020 that MoneyGram and PayMaya Introduce Real-Time Payment Solution for Fund Transfer from United States to the Philippines using Visa Direct.

MoneyGram is the first in the industry to enable Visa’s real-time push-payment solution in the Philippines.

MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, today announced a partnership with PayMaya Philippines to launch a new digital capability that allows customers to send money from the United States to the Philippines through Visa Direct, Visa’s real-time push-payment solution1. Consumers in the United States can use the leading MoneyGram mobile app or website to send money that arrives almost instantly to any PayMaya Visa cardholder located in the Philippines.

The stocks have a year to date performance of 126.19 percent and weekly performance of 12.29 percent. The stock has been moved at 236.88 percent over the last six months. The stock has performed 61.56 percent around the most recent 30 days and changed 56.77 percent over the most recent 3-months.

If compared to the average trading volume of 1.90M shares, MGI reached to a volume of 3960615 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $2.33 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 3.30. 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.

Evercore ISI have made an estimate for MoneyGram International Inc. shares, keeping their opinion on the stock as In-line, with their previous recommendation back on August 03, 2020. While these analysts kept the previous recommendation, Northland Capital dropped their target price from $3.50 to $1. The new note on the price target was released on March 24, 2020, representing the official price target for MoneyGram International Inc. stock. Previously, the target price had yet another raise to $5.50, while Northland Capital analysts kept a Outperform rating on MGI stock.

The Average True Range (ATR) for MoneyGram International Inc. is set at 0.33, with the Price to Sales ratio for MGI stock in the period of the last 12 months amounting to 0.27.

MGI stock trade performance evaluation

MoneyGram International Inc. [MGI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.29. With this latest performance, MGI shares gained by 61.56% in over the last four-week period, additionally plugging by 236.88% over the last 6 months – not to mention a rise of 14.46% 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 75.97, with the RSI for the last a single of trading hit 78.42, and the three-weeks RSI is set at 72.92 for MoneyGram International Inc. [MGI]. The present Moving Average for the last 50 days of trading for this stock 3.24, while it was recorded at 4.46 for the last single week of trading, and 2.57 for the last 200 days.

MoneyGram International Inc. [MGI]: An insightful look at the core 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 per share (EPS) analysis for MoneyGram International Inc. [MGI] stock

With the latest financial reports released by the company, MoneyGram International Inc. posted -0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -200.00%. 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.

MoneyGram International Inc. [MGI]: Insider Ownership positions

There are presently around $107 million, or 31.70% of MGI stock, in the hands of institutional investors. The top three institutional holders of MGI stocks are: BLACKROCK INC. with ownership of 3,821,464, which is approximately 487.235% of the company’s market cap and around 3.10% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 2,642,886 shares of the stock with an approximate value of $12.55 million in MGI stocks shares; and VANGUARD GROUP INC, currently with $11.0 million in MGI stock with ownership of nearly 4.384% of the company’s market capitalization.

Positions in MoneyGram International Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 53 institutional holders increased their position in MoneyGram International Inc. [NASDAQ:MGI] by around 8,981,187 shares. Additionally, 38 investors decreased positions by around 3,237,544 shares, while 21 investors held positions by with 10,248,973 shares. The mentioned changes placed institutional holdings at 22,467,704 shares, according to the latest SEC report filing. MGI stock had 35 new institutional investments in for a total of 2,705,868 shares, while 19 institutional investors sold positions of 1,875,220 shares during the same period.

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