Taking the lead: Flywire Corporation (FLYW)

Flywire Corporation (NASDAQ: FLYW) stock fell -1.73% on Tuesday to $30.75 against a previous-day closing price of $31.29. With 1.1 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.86 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $32.01 whereas the lowest price it dropped to was $30.60. The 52-week range on FLYW shows that it touched its highest point at $31.56 and its lowest point at $14.56 during that stretch. It currently has a 1-year price target of $35.00.

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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 FLYW was up-trending over the past week, with a rise of 4.41%, but this was up by 4.73% over a month. Three-month performance surged to 26.08% while six-month performance rose 46.50%. The stock gained 60.32% in the past year, while it has gained 25.66% so far this year. A look at the trailing 12-month EPS for FLYW yields -0.30 with Next year EPS estimates of -0.02. For the next quarter, that number is -0.15. This implies an EPS growth rate of -41.10% for this year and 80.00% for next year.

Float and Shares Shorts:

At present, 109.79 million FLYW shares are outstanding with a float of 101.98 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.73 million, which was 2.47% higher than short shares on Mar 30, 2023. In addition to Mr. Michael Massaro as the firm’s CEO & Director, Mr. Robert Orgel serves as its Pres & COO.

Institutional Ownership:

Through their ownership of 87.71% of FLYW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 41.91% of FLYW, in contrast to 35.24% held by mutual funds. Shares owned by individuals account for 31.05%. As the largest shareholder in FLYW with 9.84% of the stake, Temasek Holdings Pte Ltd. holds 10,635,573 shares worth 10,635,573. A second-largest stockholder of FLYW, The Vanguard Group, Inc., holds 7,828,199 shares, controlling over 7.24% of the firm’s shares. AllianceBernstein LP is the third largest shareholder in FLYW, holding 5,709,945 shares or 5.28% stake. With a 3.49% stake in FLYW, the Catalyst Eventide Gilead Fund is the largest stakeholder. A total of 3,777,381 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.53% of FLYW stock, is the second-largest Mutual Fund holder. It holds 2,731,289 shares valued at 79.67 million. Vanguard Small Cap Index Fund holds 2.15% of the stake in FLYW, owning 2,322,288 shares worth 67.74 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, FLYW reported revenue of $56.54M and operating income of -$17.40M. The EBITDA in the recently reported quarter was -$19.49M and diluted EPS was -$0.22.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FLYW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FLYW analysts setting a high price target of $39.00 and a low target of $28.00, the average target price over the next 12 months is $34.58. Based on these targets, FLYW could surge 26.83% to reach the target high and fall by -8.94% to reach the target low. Reaching the average price target will result in a growth of 12.46% 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.

Summary of Insider Activity:

Insiders traded FLYW stock several times over the past three months with 15 Buys and 33 Sells. In these transactions, 819,795 shares were bought while 284,631 shares were sold. The number of buy transactions has increased to 136 while that of sell transactions has risen to 233 over the past year. The total number of shares bought during that period was 9,944,090 while 32,929,999 shares were sold.

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