Flywire Corp [NASDAQ: FLYW] traded at a high on Thursday, posting a 5.73 gain after which it closed the day’ session at $18.28.
The results of the trading session contributed to over 2044946 shares changing hands. Over the past one week, the price volatility of Flywire Corp stands at 4.64% while the volatility over the past one month is 5.24%.
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The market cap for FLYW stock reached $2.29 billion, with 120.70 million shares outstanding and 118.22 million shares in the current float. Compared to the average trading volume of 1.26M shares, FLYW reached a trading volume of 2044946 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Flywire Corp [FLYW]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FLYW shares is $23.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FLYW stock is a recommendation set at 1.35. 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.
Wedbush have made an estimate for Flywire Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 24, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $27 to $30. The new note on the price target was released on March 01, 2024, representing the official price target for Flywire Corp stock. Previously, the target price had yet another raise to $27, while Deutsche Bank analysts kept a Buy rating on FLYW stock.
The Average True Range (ATR) for Flywire Corp is set at 0.82, with the Price to Sales ratio for FLYW stock in the period of the last 12 months amounting to 5.18. The Price to Book ratio for the last quarter was 2.85, with the Price to Cash per share for the same quarter was set at 4.56. Price to Free Cash Flow for FLYW in the course of the last twelve months was 48.57 with Quick ratio for the last quarter at 4.01.
How has FLYW stock performed recently?
Flywire Corp [FLYW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.20. With this latest performance, FLYW shares dropped by -0.16% in over the last four-week period, additionally sinking by -35.61% over the last 6 months – not to mention a drop of -44.30% 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 FLYW stock in for the last two-week period is set at 54.99, with the RSI for the last a single of trading hit 58.06, and the three-weeks RSI is set at 53.39 for Flywire Corp [FLYW]. The present Moving Average for the last 50 days of trading for this stock 17.41, while it was recorded at 17.76 for the last single week of trading, and 20.65 for the last 200 days.
Flywire Corp [FLYW]: Deeper insight into the fundamentals
Flywire Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.01 and a Current Ratio set at 4.01.
Earnings analysis for Flywire Corp [FLYW]
With the latest financial reports released by the company, Flywire Corp posted 0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0.09/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. 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 FLYW.
Insider trade positions for Flywire Corp [FLYW]
There are presently around $98.11%, or 100.97%% of FLYW stock, in the hands of institutional investors. The top three institutional holders of FLYW stocks are: WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC with ownership of 11.73 million shares, which is approximately 9.5269%. VANGUARD GROUP INC, holding 11.16 million shares of the stock with an approximate value of $$182.88 million in FLYW stocks shares; and VANGUARD GROUP INC, currently with $$148.85 million in FLYW stock with ownership which is approximately 7.3751%.
