MoneyGram International Inc. (MGI) Price Target: Is It Set To Rise Or Fall In Price?

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MoneyGram International Inc. (NASDAQ:MGI) finished Wednesday with a subtraction of $0.0 to close at $10.89, a downside of 0.00 percent. An average of 836,120 shares of common stock have been traded in the last five days. There was a fall of -$0.02 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,827,145 shares traded, while the 50-day average volume stands at 1,226,972.

MGI stock has decreased by -0.27% in the last month. The company shares reached their 1-month lowest point of $10.86 on 11/29/22. With the stock rallying to its 52-week high on 12/06/22, shares of the company touched a low of $7.18 and a high of $10.96 in 52 weeks. It has reached a new high 14 times so far this year and achieved 38.02% or $3.00 in price. In spite of this, the price is down -0.64% from the 52-week high.


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Insider Transactions

MGI stock investors should be aware that MoneyGram International Inc. (MGI) stock had its last reported insider trading activity 297 days ago on Mar 07. In this transaction, the insider spent $94,163. Chief Compliance Officer, Villareal Andres, disposed of 13,804 shares at a price of $10.66 on Mar 07. The insider now owns more than $147,151 worth of shares. Prior to that, GC, Corp Sec and CAO Villasenor Robert L went on to Sale 21,597 shares at $10.66 each on Mar 07. An amount of $230,224 was transacted.

Valuation Metrics

MoneyGram International Inc. (MGI) has a trailing price-to-earnings (P/E) ratio of 64.82. The stock’s beta is 1.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.81, and the price-to-cash flow ratio at 105.04.

Financial Health

Its gross profit as reported stood at $599.5 million compared to revenue of $1.28 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, MoneyGram International Inc.’s return on assets was 0.40%.

Earnings Surprise

For the three-month period that ended June 29, MoneyGram International Inc. had $785.7 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $4.2 million in the quarter, while revenues of $3.1 million were grew 471.43%. The analyst consensus anticipated MoneyGram International Inc.’s latest quarter earnings to come in at $0.15 per share, but it turned out to be $0.09, a -40.00% surprise. For the quarter, EBITDA amounted to $50.6 million. Shareholders own equity worth $96.55 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at MoneyGram International Inc. (MGI) price momentum. RSI 9-day as of the close on 28 December was 51.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 1.32%.

As of today, MGI’s price is $10.90 -0.18% or -$0.02 from its 5-day moving average. However, the stock’s current price level is +3.81% above the SMA50 and +1.59% above the SMA200.

The stochastic %K and %D were 21.43% and 21.23%, respectively, and the average true range (ATR) was 0.03. With the 14-day stochastic at 25.00% and the average true range at 0.04, the RSI (14) stands at 60.38%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.01.

Analyst Ratings

JP Morgan upgraded MoneyGram International Inc. (NASDAQ: MGI) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for MoneyGram International Inc. (MGI) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MGI, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is MGI’s price target for the next 12 months?

Analysts predict a range of price targets between $11.00 and $11.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for MoneyGram International Inc. (MGI) stock is $11.00.

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