MoneyHero (NASDAQ:MNY) Trading Up 3.2% – Here’s Why

MoneyHero Limited (NASDAQ:MNY)’s share price shot up 3.2% on Monday . The stock traded as high as $1.00 and last traded at $1.00. Approximately 7,116 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 63,913 shares. The stock had previously closed at $0.9690.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut MoneyHero from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

MoneyHero Stock Up 3.2%

The company has a market capitalization of $43.83 million, a P/E ratio of -3.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.90 and a quick ratio of 1.90. The company has a 50 day moving average of $1.15 and a 200-day moving average of $1.26.

MoneyHero (NASDAQ:MNY) last released its quarterly earnings results on Wednesday, June 24th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). The business had revenue of $16.52 million for the quarter, compared to the consensus estimate of $16.18 million. MoneyHero had a negative net margin of 12.53% and a negative return on equity of 16.25%. As a group, equities analysts anticipate that MoneyHero Limited will post -0.02 EPS for the current year.

Institutional Trading of MoneyHero

An institutional investor recently bought a new position in MoneyHero stock. Virtu Financial LLC purchased a new stake in MoneyHero Limited (NASDAQ:MNY) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 26,445 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 0.06% of MoneyHero as of its most recent SEC filing. 30.86% of the stock is owned by institutional investors.

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.