Does Wall Street Rate International Money Express Inc. (IMXI) Shares A Sell?


As of Wednesday close, International Money Express Inc.’s (NASDAQ:IMXI) stock was up $0.71, moving up 3.44 percent to $21.36. The average number of shares traded per day over the past five days has been 388,020 shares. 4 times new highs have been achieved over the past 5 days, with a $1.11 gain in that time frame. In the last twenty days, the average volume was 542,185, while in the previous 50 days, it was 455,002.

Since last month, IMXI stock retreated -19.46%. Shares of the company fell to $19.51 on 11/14/22, the lowest level in the past month. A 52-week high of $27.81 was reached on 11/01/22 after having rallying from a 52-week low of $14.74. Since the beginning of this year, IMXI’s stock price has risen by 33.83% or $5.40, and marked a new high 26 times. However, the stock has declined by -23.19% since its 52-week high.

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IMXI stock investors should be aware that International Money Express Inc. (IMXI) stock had its last reported insider trading activity 9 days ago on Nov 15. Lisy Robert, the CEO, President & Chairman of the company, disposed of 74,466 shares for $20.36 on Nov 15. It resulted in a $1,515,882 divestment by the insider. Lisy Robert sold 75,534 shares at an average price of $20.25 on Nov 14. The insider now owns 438,095 shares following the transaction. On Aug 18, Director Godfrey Adam P sold 21,000 shares at $25.79 apiece. The transaction was valued at $541,511.

Valuation Metrics

Right now, International Money Express Inc. (IMXI) has a P/E ratio of about 14.50. The stock’s beta is 0.60. Besides these, the trailing price-to-sales (P/S) ratio of 1.51, the price-to-book (PB) ratio of 5.51.

Financial Health

In the three months ended June 29, International Money Express Inc.’s quick ratio stood at 2.40, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.82, and the total debt-to-equity ratio was 0.85. In the year ended June 29, operating margins totaled 15.40%. Based on annual data, IMXI earned $108.68 million in gross profit and brought in $459.21 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 22.70%. Return on equity (ROE) for the past 12 months was 38.20%.

In International Money Express Inc.’s quarter-end financial report for June 29, it reported total debt of $118.75 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. IMXI’s revenue rose 14.25% to $136.94 million during the quarter, while net income inched up to $140.77 million. While analysts expected International Money Express Inc. to report $0.38 quarterly earnings, the actual figure was $0.41 per share, beating the consensus estimate by 7.90%. During the quarter, the company generated $23.02 million in EBITDA. The liabilities of International Money Express Inc. were 253.89 million at the end of its most recent quarter ended June 29, and its total debt was $85.87 million. The value of shareholders’ equity is $37.06 million.

Technical Picture

This quick technical analysis looks at International Money Express Inc.’s (IMXI) price momentum. With a historical volatility rate of 37.23%, the RSI 9-day stood at 43.42% on 23 November.

With respect to its five-day moving average, the current International Money Express Inc. price is up by +5.48% percent or $1.11. At present, IMXI shares trade -19.03% below its 20-day simple moving average and -2.60% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.21% below its SMA50 and +36.49% above its SMA200.

Stochastic coefficient K was 21.30% and Stochastic coefficient D was 15.66%, while ATR was 1.04. Given the Stochastic reading of 31.79% for the 14-day period, the RSI (14) reading has been calculated as 40.90%. As of today, the MACD Oscillator reading stands at 0.33, while the 14-day reading stands at -0.61.

Analyst Ratings

BMO Capital Markets upgraded its rating on International Money Express Inc. (NASDAQ: IMXI) to an Outperform in a note to investors on August 06, 2021. The analysts firm previously had a Market perform rating on the stock.International Money Express Inc. (IMXI) has been rated Overweight by analysts. According to 0 brokerage firms, IMXI is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate International Money Express Inc. stock as buy, with 4 recommending it as overweight.


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