In the last trading session, 2.75 million shares of the Flywire Corp (NASDAQ:FLYW) were traded, and its beta was 1.20. Most recently the company’s share price was $10.21, and it changed around $0.15 or 1.49% from the last close, which brings the market valuation of the company to $1.26B. FLYW currently trades at a discount to its 52-week high of $25.26, offering almost -147.4% off that amount. The share price’s 52-week low was $8.62, which indicates that the current value has risen by an impressive 15.57% since then. We note from Flywire Corp’s average daily trading volume that its 10-day average is 2.43 million shares, with the 3-month average coming to 2.39 million.
Flywire Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.12. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 9 recommended FLYW as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Flywire Corp is expected to report earnings per share of 0.12 for the current quarter.
Flywire Corp (NASDAQ:FLYW) trade information
Instantly FLYW has showed a green trend with a performance of 1.49% 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 10.58 on recent trading dayincreased the stock’s daily price by 3.5%. The company’s shares are currently down -50.48% year-to-date, but still down -1.73% over the last five days. On the other hand, Flywire Corp (NASDAQ:FLYW) is -41.08% down in the 30-day period. We can see from the shorts that 2.96 million shares have been sold at a short interest cover period of 0.73 day(s).
The consensus price target as assigned by Wall Street analysts is $18, which translates to bulls needing to increase their stock price by 43.28% from its current value. Analyst projections state that FLYW is forecast to be at a low of $18 and a high of $18.
Flywire Corp (FLYW) estimates and forecasts
The year-over-year growth rate is expected to be 16.36%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 124.09M in revenue for the current quarter. 11 analysts expect Flywire Corp to make 116.48M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 110.2M and 99.9M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.60%. Forecasts for the next quarter put sales growth at 16.60%.
Flywire Corp earnings are expected to increase by 739.03% in 2025, but the outlook is positive 159.00% per year for the next five years.
FLYW Dividends
Flywire Corp’s next quarterly earnings report is expected to be released on 2025-Feb-24.
Flywire Corp (NASDAQ:FLYW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.95% of Flywire Corp shares, and 92.55% of them are in the hands of institutional investors. The stock currently has a share float of 96.35%. Flywire Corp stock is held by 324.0 institutions, with WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 9.4184% of the shares, which is about 11.73 million shares worth $192.28 million.
VANGUARD GROUP INC, with 9.0609% or 11.16 million shares worth $182.88 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 3.6 shares worth $36.74 million, making up 2.96% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 3.27 shares worth around $33.36 million, which represents about 2.68% of the total shares outstanding.
