A share price of Flywire Corp [FLYW] is currently trading at $27.27, down -3.47%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FLYW shares have gain 13.06% over the last week, with a monthly amount glided 24.52%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Flywire to Attend Upcoming Investor Conferences. In a post published today on Yahoo Finance, Flywire Corporation (Nasdaq: FLYW)(“Flywire” or the “Company”) a global payments enablement and software company, today announced that the Company’s management team will be attending the following upcoming investor conferences:.
From an analyst’s perspective:
Flywire Corp [NASDAQ: FLYW] stock has seen the most recent analyst activity on March 01, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also boosted its price target to $30 from $27. Previously, Deutsche Bank started tracking the stock with Buy rating on February 06, 2024, and set its price target to $27. On January 29, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $27 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $25 on January 23, 2024. JP Morgan downgraded its rating to a Neutral but $29 remained the price target by the analyst firm on December 18, 2023.
Flywire Corp experienced fluctuations in its stock price throughout the past year between $18.65 and $35.80. Currently, Wall Street analysts expect the stock to reach $30 within the next 12 months. Flywire Corp [NASDAQ: FLYW] shares were valued at $27.27 at the most recent close of the market. An investor can expect a potential return of 10.01% based on the average FLYW price forecast.
Analyzing the FLYW fundamentals
Trailing Twelve Months sales for Flywire Corp [NASDAQ:FLYW] were 403.09M which represents 37.63% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is -0.01.
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 26.68 points at the first support level, and at 26.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.05, and for the 2nd resistance point, it is at 28.83.
Flywire Corp [FLYW] reported earnings per share of $0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.07/share, meaning a difference of $0.08 and a surprise factor of 114.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.08 per share as compared to estimates of $0.09 per share, a difference of -$0.01 representing a surprise of -11.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Flywire Corp [NASDAQ:FLYW] is 2.98. Also, the Quick Ratio is 2.98, while the Cash Ratio stands at 2.39. Considering the valuation of this stock, the price to sales ratio is 8.31, the price to book ratio is 4.25.
Transactions by insiders
Recent insider trading involved Butterfield Peter, General Counsel and CCO, that happened on Feb 28 when 4500.0 shares were sold. Chief Financial Officer, Ellis Michael G completed a deal on Feb 15 to sell 3500.0 shares. Meanwhile, Chief Financial Officer Ellis Michael G sold 3500.0 shares on Jan 16.
