MoneyHero (NASDAQ:MNY) Stock Price Up 0.2% – Still a Buy?

MoneyHero Limited (NASDAQ:MNY) shares were up 0.2% during mid-day trading on Friday . The stock traded as high as $1.25 and last traded at $1.2230. Approximately 31,513 shares traded hands during trading, a decline of 21% from the average daily volume of 39,886 shares. The stock had previously closed at $1.22.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MNY shares. Wall Street Zen cut shares of MoneyHero from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MoneyHero in a research report on Monday, December 29th. Finally, Zacks Research cut shares of MoneyHero from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.00.

MoneyHero Trading Up 0.2%

The firm’s fifty day moving average price is $1.29 and its 200-day moving average price is $1.49. The company has a market cap of $51.26 million, a price-to-earnings ratio of -1.75 and a beta of 1.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.96 and a quick ratio of 1.96.

MoneyHero (NASDAQ:MNY) last issued its quarterly earnings data on Friday, December 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). MoneyHero had a negative net margin of 35.36% and a negative return on equity of 56.10%. The firm had revenue of $21.12 million during the quarter, compared to the consensus estimate of $23.33 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, equities analysts expect that MoneyHero Limited will post -0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On MoneyHero

A hedge fund recently bought a new stake in MoneyHero stock. PFG Investments LLC bought a new stake in MoneyHero Limited (NASDAQ:MNY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 33,100 shares of the company’s stock, valued at approximately $47,000. PFG Investments LLC owned 0.08% of MoneyHero at the end of the most recent reporting period. 30.86% of the stock is owned by institutional investors and hedge funds.

MoneyHero Company Profile

MoneyHero Group Ltd (NASDAQ: MNY) operates an online comparison marketplace that helps consumers research, compare and select a broad array of financial and lifestyle products. Through its digital platform, MoneyHero presents side-by-side comparisons for credit cards, personal loans, mortgages, various insurance policies, broadband and mobile plans, as well as utility services. The site features interactive tools such as personalized calculators, user reviews and curated offer alerts, designed to simplify complex product information and enhance consumer decision making.

Founded in Hong Kong in 2014, MoneyHero has expanded its presence to serve customers in Singapore and Malaysia.