MoneyGram International Inc. [MGI] is -0.64% lower this YTD. Is it still time to buy?

MoneyGram International Inc. [NASDAQ: MGI] gained 0.09% or 0.01 points to close at $10.82 with a heavy trading volume of 2547422 shares. The company report on March 8, 2023 that Viad Corp Announces Participation in Upcoming Conference.

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Viad Corp (NYSE: VVI) announced today that President and Chief Executive Officer Steve Moster and Chief Financial Officer Ellen Ingersoll will be available for investor meetings at the 35th Annual Roth Conference on Monday, March 13th and Tuesday, March 14th in Dana Point, California.

An updated investor presentation will be posted on our website at on Monday, March 13th by 8 a.m. Eastern Time.

It opened the trading session at $10.83, the shares rose to $10.84 and dropped to $10.80, the range by which the price of stock traded the whole day. The daily chart for MGI points out that the company has recorded 3.94% gains over the past six months. However, it is still -17.86% lower than its most recent low trading price.

If we look at the average trading volume of 1.20M shares, MGI reached to a volume of 2547422 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $11.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MGI stock is a recommendation set at 3.00. 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.

JP Morgan have made an estimate for MoneyGram International Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 10, 2021. The new note on the price target was released on January 11, 2021, representing the official price target for MoneyGram International Inc. stock. Previously, the target price had yet another raise to $3, while Evercore ISI analysts kept a In-line rating on MGI stock. On March 24, 2020, analysts decreased their price target for MGI shares from 3.50 to 1.

The Average True Range (ATR) for MoneyGram International Inc. is set at 0.04, with the Price to Sales ratio for MGI stock in the period of the last 12 months amounting to 0.80. Price to Free Cash Flow for MGI in the course of the last twelve months was 32.86.

Trading performance analysis for MGI stock

MoneyGram International Inc. [MGI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.55. With this latest performance, MGI shares gained by 0.19% in over the last four-week period, additionally plugging by 3.94% over the last 6 months – not to mention a rise of 1.98% 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 44.07, with the RSI for the last a single of trading hit 41.66, and the three-weeks RSI is set at 46.16 for MoneyGram International Inc. [MGI]. The present Moving Average for the last 50 days of trading for this stock 10.86, while it was recorded at 10.82 for the last single week of trading, and 10.51 for the last 200 days.

MoneyGram International Inc. [MGI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and MoneyGram International Inc. [MGI] shares currently have an operating margin of +10.03 and a Gross Margin at +43.37. MoneyGram International Inc.’s Net Margin is presently recorded at +2.61.

MoneyGram International Inc. [MGI]: An earnings per share (EPS) analysis

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 19.50%.

An analysis of insider ownership at MoneyGram International Inc. [MGI]

There are presently around $950 million, or 89.60% of MGI stock, in the hands of institutional investors. The top three institutional holders of MGI stocks are: BLACKROCK INC. with ownership of 6,954,960, which is approximately 8.185% of the company’s market cap and around 0.30% of the total institutional ownership; SAND GROVE CAPITAL MANAGEMENT LLP, holding 6,846,556 shares of the stock with an approximate value of $74.08 million in MGI stocks shares; and PENTWATER CAPITAL MANAGEMENT LP, currently with $63.35 million in MGI stock with ownership of nearly 0% of the company’s market capitalization.

Positions in MoneyGram International Inc. stocks held by institutional investors increased at the end of Friday and at the time of the Friday reporting period, where 92 institutional holders increased their position in MoneyGram International Inc. [NASDAQ:MGI] by around 17,974,722 shares. Additionally, 69 investors decreased positions by around 12,953,973 shares, while 45 investors held positions by with 56,861,648 shares. The mentioned changes placed institutional holdings at 87,790,343 shares, according to the latest SEC report filing. MGI stock had 34 new institutional investments in for a total of 10,841,699 shares, while 26 institutional investors sold positions of 4,915,650 shares during the same period.


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