In the latest trading session,, 0.5 million Flywire Corp (NASDAQ:FLYW) shares changed hands as the company’s beta touched 1.23. With the company’s most recent per share price at $8.99 changing hands around $0.05 or 0.56% at last look, the market valuation stands at $1.10B. FLYW’s current price is a discount, trading about -160.29% off its 52-week high of $23.40. The share price had its 52-week low at $8.20, which suggests the last value was 8.79% up since then. When we look at Flywire Corp’s average trading volume, we note the 10-day average is 3.3 million shares, with the 3-month average coming to 2.80 million.
Analysts gave the Flywire Corp (FLYW) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.35. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 2 recommended FLYW as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Flywire Corp’s EPS for the current quarter is expected to be 0.12.
Flywire Corp (NASDAQ:FLYW) trade information
Instantly FLYW is in green as seen in intraday trades today. With action 4.29%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -56.40%, with the 5-day performance at 4.29% in the green. However, in the 30-day time frame, Flywire Corp (NASDAQ:FLYW) is -9.65% down. Looking at the short shares, we see there were 4.02 million shares sold at short interest cover period of 1.66 days.
The consensus price target for the stock as assigned by Wall Street analysts is 26, meaning bulls need an upside of 65.42% from its recent market value. According to analyst projections, FLYW’s forecast low is 18 with 33 as the target high. To hit the forecast high, the stock’s price needs a -267.07% plunge from its current level, while the stock would need to soar -100.22% for it to hit the projected low.
Flywire Corp (FLYW) estimates and forecasts
Year-over-year growth is forecast to reach 16.23% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 124.07M. 12 analysts are of the opinion that Flywire Corp’s revenue for the current quarter will be 116.68M. The company’s revenue for the corresponding quarters a year ago was 110.2M and 99.9M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.58%. The estimates for the next quarter sales put growth at 16.79%.
The 2025 estimates are for Flywire Corp earnings to increase by 675.36%, but the outlook for the next 5-year period is at 155.12% per year.
FLYW Dividends
Flywire Corp is expected to release its next quarterly earnings report on 2025-Feb-24.
Flywire Corp (NASDAQ:FLYW)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.01% of Flywire Corp shares while 92.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 96.84%. There are 92.95% institutions holding the Flywire Corp stock share, with WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 9.4184% of the shares, roughly 11.73 million FLYW shares worth $192.28 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.9577% or 11.16 million shares worth $182.88 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 3.6 shares estimated at $32.3 million under it, the former controlled 2.96% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.64% of the shares, roughly 3.21 shares worth around $28.83 million.
