A significant driver of top-line growth: MoneyLion Inc. (ML)

MoneyLion Inc. (NYSE: ML) stock jumped 1.68% on Friday to $1.21 against a previous-day closing price of $1.19. With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.27 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.2250 whereas the lowest price it dropped to was $1.1200. The 52-week range on ML shows that it touched its highest point at $11.34 and its lowest point at $1.17 during that stretch. It currently has a 1-year price target of $5.33.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ML was down-trending over the past week, with a drop of -6.20%, but this was down by -24.84% over a month. Three-month performance dropped to -23.42% while six-month performance fell -53.82%. The stock lost -87.90% in the past year, while it has lost -69.98% so far this year. A look at the trailing 12-month EPS for ML yields -0.19 with Next year EPS estimates of -0.27. For the next quarter, that number is -0.12. This implies an EPS growth rate of -135.50% for this year and 22.90% for next year.

Float and Shares Shorts:

At present, 236.31 million ML shares are outstanding with a float of 179.03 million shares on hand for trading. On Jul 14, 2022, short shares totaled 7.33 million, which was 3.09% higher than short shares on Jun 14, 2022. In addition to Mr. Diwakar M Choubey as the firm’s Co-Founder, CEO, Pres & Director, Mr. Richard Correia serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 35.94% of ML’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.65% of ML, in contrast to 8.32% held by mutual funds. Shares owned by individuals account for 37.80%. As the largest shareholder in ML with 2.70% of the stake, BlackRock Fund Advisors holds 6,554,521 shares worth 6,554,521. A second-largest stockholder of ML, The Vanguard Group, Inc., holds 5,470,559 shares, controlling over 2.25% of the firm’s shares. Macquarie Investment Management L is the third largest shareholder in ML, holding 4,221,085 shares or 1.74% stake. With a 1.43% stake in ML, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,463,658 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.22% of ML stock, is the second-largest Mutual Fund holder. It holds 2,969,713 shares valued at 4.25 million. Arbitrage Fund holds 1.02% of the stake in ML, owning 2,489,318 shares worth 3.56 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ML since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ML analysts setting a high price target of $6.00 and a low target of $5.00, the average target price over the next 12 months is $5.33. Based on these targets, ML could surge 395.87% to reach the target high and rise by 313.22% to reach the target low. Reaching the average price target will result in a growth of 340.5% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ML will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of -$0.30 being high and -$0.35 being low. For ML, this leads to a yearly average estimate of -$0.33. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. MoneyLion Inc. surprised analysts by $0.01 when it reported -$0.10 EPS against a consensus estimate of -$0.11. The surprise factor in the prior quarter was $0.09. Based on analyst estimates, the high estimate for the next quarter is -$0.12 and the low estimate is -$0.12. The average estimate for the next quarter is thus -$0.12.

Summary of Insider Activity:

Insiders traded ML stock several times over the past three months with 0 Buys and 5 Sells. In these transactions, 0 shares were bought while 177,994 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 15,629,651 while 322,232 shares were sold.

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