Flywire Corp [FLYW] stock prices are up 3.12% to $24.12 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FLYW shares have gain 5.47% over the last week, with a monthly amount glided 15.79%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Cosmin Pitigoi to Join Flywire as Chief Financial Officer. In a post published today on Yahoo Finance, Former PayPal senior finance executive brings decades of experience and leadership across global payments, pricing, treasury, finance and investor relations.
From an analyst’s perspective:
Flywire Corp [NASDAQ: FLYW] stock has seen the most recent analyst activity on February 06, 2024, when Deutsche Bank initiated its Buy rating and assigned the stock a price target of $27. Previously, Morgan Stanley upgraded its rating to Overweight on January 29, 2024, and kept the price target unchanged to $27. On January 23, 2024, Oppenheimer initiated with a Outperform rating and assigned a price target of $25 on the stock. JP Morgan downgraded its rating to a Neutral but stick to its price target of $29 on December 18, 2023. In a note dated October 12, 2023, Seaport Research Partners initiated an Buy rating and provided a target price of $40 on this stock.
The stock price of Flywire Corp [FLYW] has been fluctuating between $18.65 and $35.80 over the past year. Currently, Wall Street analysts expect the stock to reach $30 within the next 12 months. Flywire Corp [NASDAQ: FLYW] shares were valued at $24.12 at the most recent close of the market. An investor can expect a potential return of 24.38% based on the average FLYW price forecast.
Analyzing the FLYW fundamentals
The Flywire Corp [NASDAQ:FLYW] reported sales of 375.60M for trailing twelve months, representing a surge of 29.50%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.47 points at the first support level, and at 22.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.48, and for the 2nd resistance point, it is at 24.85.
Flywire Corp [FLYW] reported earnings per share of $0.08 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.09/share, meaning a difference of -$0.01 and a surprise factor of -11.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.15 per share as compared to estimates of -$0.14 per share, a difference of -$0.01 representing a surprise of -7.10%.
Ratios To Look Out For
It’s worth pointing out that Flywire Corp [NASDAQ:FLYW]’s Current Ratio is 3.97. In addition, the Quick Ratio stands at 3.97 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 7.80, the price to book ratio is 3.77.
Transactions by insiders
Recent insider trading involved Ellis Michael G, Chief Financial Officer, that happened on Feb 15 when 3500.0 shares were sold. Chief Financial Officer, Ellis Michael G completed a deal on Jan 16 to sell 3500.0 shares. Meanwhile, General Counsel and CCO Butterfield Peter sold 2161.0 shares on Dec 08.
