JP Morgan raised the price target for the MoneyGram International Inc. (NASDAQ:MGI) stock from “an Underweight” to “a Neutral”. The rating was released on May 10, 2021. The research report from Evercore ISI has upgraded the stock from Underperform to In-line, with a price target set at $3. The stock was downgraded by Northland Capital, who disclosed in a research note on March 24, 2020, from Outperform to Market Perform and set the price objective to $1. In their research brief published April 03, 2019, Northland Capital analysts upgraded the MoneyGram International Inc. stock from Market Perform to Outperform with a price target of $5.50.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of MoneyGram International Inc. (NASDAQ:MGI) dipped -0.86% to close Friday’s market session at $9.20, lower as compared to yesterday’s close. The stock price fluctuated between $9.05 and $9.42 throughout the trading session with the volume trading being 962505 shares, which represented a significant variation when compared to the three months average volume of 2.28 million shares. The firm’s stock price fluctuated -9.45% within the last five trades and -7.82% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 0.55% in the last 6 months and 19.02% was added to its value over the previous 3 months. MGI stock is trading at a margin of -12.34%, -10.55% and 16.45% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, MGI deals in the Financial domain. The stock is trading -25.57 percent below its 52-week high and 252.49 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 145.11. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does MoneyGram International Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 6.80 percent and the profit margin is -0.60 percent, and the company has reported a gross margin of 46.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $824.50 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 20.54. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.64 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 6.00 percent of MoneyGram International Inc. shares are owned by insiders, and 47.30 percent are held by financial institutions. Villareal Andres, the Chief Compliance Officer at MoneyGram International Inc. (MGI) has sold 49,194 shares of firm on Aug 05 at a price of $10.07 against the total amount of $0.5 million. In another inside trade, Lorca Francisco, Director of MoneyGram International Inc. (NASDAQ:MGI) bought 5,037 shares of the firm on Aug 03 for a total worth of $50269.0 at a price of $9.98.