In today’s recent session, 3,048,103 shares of the MoneyGram International, Inc.(NASDAQ:MGI) have been traded, and its beta is 1.94. Most recently the company’s share price was $7.42, and it changed around -$0.96 or -0.11% from the last close, which brings the market valuation of the company to $535.29 Million. MGI at last check was trading at a discount to its 52-week high of $11.7, offering almost -57.68% off that amount. The share price’s 52-week low was $1.15, which indicates that the recent value has risen by an impressive 84.5% since then. We note from MoneyGram International, Inc.’s average daily trading volume that its 10-day average is 5.51 Million shares, with the 3-month average coming to 3.73 Million.
MoneyGram International, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3.1. If we narrow it down even further, the data shows that 2 out of 7 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 4 recommended MGI as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. MoneyGram International, Inc. is expected to report earnings per share of $0.06 for the current quarter.
MoneyGram International, Inc. (NASDAQ:MGI): Trading Information Today
Although MGI has been showing red trend so far today with a performance of -11.46% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $11.70 on Wednesday, Feb 17 increased the stock’s daily price by 37.18%. The company’s shares are currently up 0.34% year-to-date, but still down -0.2197 over the last five days. On the other hand, MoneyGram International, Inc. (NASDAQ:MGI) is 0.14% up in the 30-day period. We can see from the shorts that 4.24 Million shares have been sold at a short interest cover period of 1.14 day(s).
The consensus price target as assigned by Wall Street analysts is $6.75, which translates to bears needing to reduce their stock price by -9.03% from its current value. Analyst projections state that MGI is forecast to be at a low of $4.5 and a high of $9.5. In order for the stock price to hit the forecast high, the stock would need to surge +28.03% from its current level, while the stock would need to crash -39.35% from its current level to reach the projected low.
MoneyGram International, Inc. (MGI) projections and forecasts
MoneyGram International, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +154.71 percent over the past six months and at a 28.57% annual growth rate that is well above the industry average of 8.8%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +220% in revenue this quarter, and will report an increase of 800% in the next quarter. The year-over-year growth rate is expected to be 5%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $297.96 Million in revenue for the current quarter. 4 analysts expect MoneyGram International, Inc. to make $313.31 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $290.9 Million and $279.8 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.4%. Forecasts for the next quarter put sales growth at 12%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -22.5%. MoneyGram International, Inc. earnings are expected to decrease by -111.6% in 2021, but the outlook is negative 0% per year for the next five years.
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MoneyGram International, Inc. (NASDAQ:MGI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 6.08% of MoneyGram International, Inc. shares, and 41.33% of them are in the hands of institutional investors. The stock currently has a share float of 44.01%. MoneyGram International, Inc. stock is held by 122 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 4.68% of the shares, which is about 3.4 Million shares worth $18.56 Million.
Capital World Investors, with 3.64% or 2.64 Million shares worth $7.47 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.