MoneyHero (NASDAQ:MNY) Trading Up 0.2% – Here’s Why

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of MoneyHero from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings restated a “sell (d-)” rating on shares of MoneyHero in a research report on Monday, December 29th. Finally, Zacks Research cut shares of MoneyHero from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.00.

MoneyHero Price Performance

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

MoneyHero (NASDAQ:MNY) last issued its quarterly earnings results on Friday, December 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). MoneyHero had a negative net margin of 35.36% and a negative return on equity of 56.10%. The business had revenue of $21.12 million during the quarter, compared to analyst estimates of $23.33 million. During the same period in the previous year, the company posted $0.10 earnings per share. Sell-side analysts expect that MoneyHero Limited will post -0.41 EPS 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 stake in shares of MoneyHero Limited (NASDAQ:MNY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,445 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned about 0.06% of MoneyHero as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.