MoneyLion Inc. (ML): A Technical View

As of Friday close, MoneyLion Inc.’s (NYSE:ML) stock was down -$0.11, moving down -6.71 percent to $1.53. The average number of shares traded per day over the past five days has been 3,086,160 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.0700 fall in that time frame. In the last twenty days, the average volume was 1,530,605, while in the previous 50 days, it was 1,369,224.

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Since last month, ML stock retreated -27.49%. Shares of the company fell to $1.1700 on 05/11/22, the lowest level in the past month. A 52-week high of $11.34 was reached on 01/03/22 after having rallying from a 52-week low of $1.17. Since the beginning of this year, ML’s stock price has dropped by -62.03% or -$2.5000, and marked a new high 1 time. However, the stock has declined by -86.51% since its 52-week high.

MoneyLion Inc. (ML) last reported insider trading activity 60 days ago on Mar 15. Chrystal John C, the Director of the company, purchased of 100,000 shares for $2.06 on Mar 15. It resulted in a $206,000 investment by the insider. Derella Matthew added 123,243 shares at an average price of $2.06 on Mar 15. The insider now owns 171,089 shares following the transaction. On Mar 14, Director Gary Jeff bought 75,000 shares at $2.03 apiece. The transaction was valued at $152,362.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.80, and the total debt-to-equity ratio was 0.80. On the profitability front, the trailing twelve-month gross margin is 94.80% percent. In the year ended September 29, operating margins totaled -96.30%. Based on annual data, ML earned $162.25 million in gross profit and brought in $171.11 million in revenue.

In MoneyLion Inc.’s quarter-end financial report for September 29, it reported total debt of $143.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ML’s revenue rose 100.0% to $44.22 million during the quarter, while net income inched up to -$44.22 million. While analysts expected MoneyLion Inc. to report -$0.07 quarterly earnings, the actual figure was $0.46 per share, beating the consensus estimate by 757.10%. During the quarter, the company generated -$76.74 million in EBITDA. The liabilities of MoneyLion Inc. were 258.3 million at the end of its most recent quarter ended September 29, and its total debt was $43.63 million. The value of shareholders’ equity is $230.76 million.

Technical Picture

This quick technical analysis looks at MoneyLion Inc.’s (ML) price momentum. With a historical volatility rate of 196.17%, the RSI 9-day stood at 40.16% on 13 May.

With respect to its five-day moving average, the current MoneyLion Inc. price is down by -4.38% percent or -$0.0700. At present, ML shares trade -25.37% below its 20-day simple moving average and -59.09% percent below its 100-day simple moving average. However, the stock is currently trading approximately -32.89% below its SMA50 and -84.55% below its SMA200.

Stochastic coefficient K was 26.61% and Stochastic coefficient D was 16.30%, while ATR was 0.2318. Given the Stochastic reading of 33.03% for the 14-day period, the RSI (14) reading has been calculated as 39.13%. As of today, the MACD Oscillator reading stands at -0.1633, while the 14-day reading stands at -0.3079.

Analyst Ratings

Cantor Fitzgerald launched its rating on MoneyLion Inc. (NYSE: ML) to an Overweight in a note to investors on November 22, 2021. MoneyLion Inc. (ML) has been rated Buy by analysts. According to 0 brokerage firms, ML is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate MoneyLion Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $6.00, the current consensus forecast for the stock is $5.00 – $8.00. Based on these forecasts, analysts predict MoneyLion Inc. (ML) will achieve an average price target of $6.33.


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