As of Thursday close, Flywire Corporation’s (NASDAQ:FLYW) stock was up $0.25, moving up 0.83 percent to $30.52. The average number of shares traded per day over the past five days has been 1,236,380 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.88 fall in that time frame. In the last twenty days, the average volume was 843,520, while in the previous 50 days, it was 1,183,818.
Since last month, FLYW stock retreated -3.69%. Shares of the company fell to $29.32 on 09/21/23, the lowest level in the past month. A 52-week high of $35.80 was reached on 08/09/23 after having rallying from a 52-week low of $17.16. Since the beginning of this year, FLYW’s stock price has risen by 24.72% or $6.05, and marked a new high 28 times. However, the stock has declined by -14.75% since its 52-week high.
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FLYW stock investors should be aware that Flywire Corporation (FLYW) stock had its last reported insider trading activity 3 days ago on Sep 19. Massaro Michael, the Chief Executive Officer of the company, disposed of 11,457 shares for $30.20 on Sep 19. It resulted in a $346,004 divestment by the insider. Massaro Michael sold 11,457 shares at an average price of $30.93 on Sep 18. The insider now owns 1,012,226 shares following the transaction. On Sep 15, Chief Financial Officer Ellis Michael G sold 6,500 shares at $31.30 apiece. The transaction was valued at $203,450.
Valuation Metrics
The stock’s beta is 1.17. Besides these, the trailing price-to-sales (P/S) ratio of 10.84, the price-to-book (PB) ratio of 6.90, and the price-to-cash flow ratio of 7532.34 may also be considered.
Financial Health
In the three months ended June 29, Flywire Corporation’s quick ratio stood at 3.10, while its current ratio was 3.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 62.70% percent. In the year ended June 29, EBITDA margin amounted to -5.23%, whereas operating margins totaled -8.30%. Based on annual data, FLYW earned $319.6 million in gross profit and brought in $289.38 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 -6.70%. Return on equity (ROE) for the past 12 months was -5.30%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FLYW’s revenue rose 33.38% to $94.36 million during the quarter, while net income inched up to $84.87 million. While analysts expected Flywire Corporation to report -$0.14 quarterly earnings, the actual figure was -$0.15 per share, beating the consensus estimate by -7.10%. During the quarter, the company generated -$12.54 million in EBITDA. The liabilities of Flywire Corporation were 147.5 million at the end of its most recent quarter ended June 29, and its total debt was $1.29 million. The value of shareholders’ equity is $112.17 million.
Technical Picture
This quick technical analysis looks at Flywire Corporation’s (FLYW) price momentum. With a historical volatility rate of 10.96%, the RSI 9-day stood at 32.20% on 21 September.
With respect to its five-day moving average, the current Flywire Corporation price is down by -2.80% percent or -$0.88. At present, FLYW shares trade -4.36% below its 20-day simple moving average and +4.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.07% below its SMA50 and +38.66% above its SMA200.
Stochastic coefficient K was 12.61% and Stochastic coefficient D was 11.16%, while ATR was 1.02. Given the Stochastic reading of 21.09% for the 14-day period, the RSI (14) reading has been calculated as 38.60%. As of today, the MACD Oscillator reading stands at -0.69, while the 14-day reading stands at -1.39.
Analyst Ratings
B. Riley Securities launched its rating on Flywire Corporation (NASDAQ: FLYW) to a Buy in a note to investors on June 23, 2023. Flywire Corporation (FLYW) has been rated Buy by analysts. According to 0 brokerage firms, FLYW is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Flywire Corporation stock as buy, with 12 recommending it as overweight.
With a median target price of $38.00, the current consensus forecast for the stock is $32.00 – $44.00. Based on these forecasts, analysts predict Flywire Corporation (FLYW) will achieve an average price target of $38.75.
