MoneyHero (NASDAQ:MNY) Trading Up 0.2% – What’s Next?

MoneyHero Limited (NASDAQ:MNY) traded up 0.2% during trading on Friday . The stock traded as high as $1.25 and last traded at $1.2230. 31,513 shares were traded during mid-day trading, a decline of 21% from the average session volume of 39,886 shares. The stock had previously closed at $1.22.

Analyst Ratings Changes

MNY has been the topic of a number of recent research reports. Wall Street Zen cut shares of MoneyHero from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of MoneyHero in a report on Monday, December 29th. Finally, Zacks Research downgraded MoneyHero from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, MoneyHero currently has an average rating of “Hold” and an average target price of $4.00.

MoneyHero Stock Up 0.2%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a 50 day simple moving average of $1.29 and a two-hundred day simple moving average of $1.49. The stock has a market cap of $51.26 million, a P/E ratio of -1.75 and a beta of 1.24.

MoneyHero (NASDAQ:MNY) last released its earnings results on Friday, December 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). The company had revenue of $21.12 million for the quarter, compared to analyst estimates of $23.33 million. MoneyHero had a negative net margin of 35.36% and a negative return on equity of 56.10%. During the same period in the previous year, the business posted $0.10 EPS. Equities research analysts predict that MoneyHero Limited will post -0.41 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MoneyHero stock. Virtu Financial LLC acquired a new position in shares of MoneyHero Limited (NASDAQ:MNY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 26,445 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 0.06% of MoneyHero as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 30.86% of the company’s stock.

MoneyHero Company Profile

MoneyHero Group Ltd (NASDAQ: MNY) operates an online comparison marketplace that helps consumers research, compare and select a broad array of financial and lifestyle products. Through its digital platform, MoneyHero presents side-by-side comparisons for credit cards, personal loans, mortgages, various insurance policies, broadband and mobile plans, as well as utility services. The site features interactive tools such as personalized calculators, user reviews and curated offer alerts, designed to simplify complex product information and enhance consumer decision making.

Founded in Hong Kong in 2014, MoneyHero has expanded its presence to serve customers in Singapore and Malaysia.