How Is MoneyHero Ltd. (NASDAQ: MNY) Expected To Fare In The Coming Months?

MoneyHero Ltd (NASDAQ:MNY) has a beta value of 1.15 and has seen 2.77 million shares traded in the last trading session. The company, currently valued at $53.14M, closed the last trade at $1.23 per share which meant it gained $0.16 on the day or 14.95% during that session. The MNY stock price is -50.41% off its 52-week high price of $1.85 and 55.28% above the 52-week low of $0.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.31 million shares traded. The 3-month trading volume is 122.58K shares.

MoneyHero Ltd (NASDAQ:MNY) trade information

Sporting 14.95% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MNY stock price touched $1.23 or saw a rise of 16.89%. Year-to-date, MoneyHero Ltd shares have moved -32.42%, while the 5-day performance has seen it change 20.59%. Over the past 30 days, the shares of MoneyHero Ltd (NASDAQ:MNY) have changed 51.85%. Short interest in the company has seen 0.21 million shares shorted with days to cover at 1.53.

MoneyHero Ltd (MNY) estimates and forecasts

The company’s shares have gained 8.85% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 26.02%.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 6.35% over the past 5 years.

MNY Dividends

MoneyHero Ltd is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

MoneyHero Ltd (NASDAQ:MNY)’s Major holders

Insiders own 56.63% of the company shares, while shares held by institutions stand at 0.69% with a share float percentage of 1.60%. Investors are also buoyed by the number of investors in a company, with MoneyHero Ltd having a total of 11.0 institutions that hold shares in the company. The top two institutional holders are DIAMETRIC CAPITAL, LP with over 77767.0 shares worth more than $0.15 million. As of 2024-06-30, DIAMETRIC CAPITAL, LP held 0.1909% of shares outstanding.

The other major institutional holder is ORLAND PROPERTIES LTD, with the holding of over 69297.0 shares as of 2024-06-30. The firm’s total holdings are worth over $0.13 million and represent 0.1701% of shares outstanding.

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