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After finishing at $20.40 in the prior trading day, Flywire Corp (NASDAQ: FLYW) closed at $20.25, down -0.74%. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 1.1 million shares were traded. FLYW stock price reached its highest trading level at $20.62 during the session, while it also had its lowest trading level at $20.015.
Ratios:
Our goal is to gain a better understanding of FLYW by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.57. For the most recent quarter (mrq), Quick Ratio is recorded 2.98 and its Current Ratio is at 2.98. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on March 01, 2024, Downgraded its rating to Equal-Weight and sets its target price to $30 from $27 previously.
On February 06, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $27.
Morgan Stanley Upgraded its Equal-Weight to Overweight on January 29, 2024, while the target price for the stock was maintained at $27.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 03 ’24 when Massaro Michael sold 13,043 shares for $24.07 per share. The transaction valued at 314,005 led to the insider holds 1,655,673 shares of the business.
Massaro Michael sold 4,892 shares of FLYW for $117,773 on Apr 03 ’24. The Chief Executive Officer now owns 307,548 shares after completing the transaction at $24.07 per share. On Mar 20 ’24, another insider, Massaro Michael, who serves as the Chief Executive Officer of the company, sold 16,828 shares for $25.06 each. As a result, the insider received 421,651 and left with 1,668,716 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FLYW now has a Market Capitalization of 2513733632 and an Enterprise Value of 1836216320. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.24 while its Price-to-Book (P/B) ratio in mrq is 3.16. Its current Enterprise Value per Revenue stands at 4.555 whereas that against EBITDA is -233.2.
Stock Price History:
Over the past 52 weeks, FLYW has reached a high of $35.80, while it has fallen to a 52-week low of $18.65. The 50-Day Moving Average of the stock is -15.02%, while the 200-Day Moving Average is calculated to be -22.47%.
Shares Statistics:
The stock has traded on average 1.43M shares per day over the past 3-months and 1386330 shares per day over the last 10 days, according to various share statistics. A total of 120.70M shares are outstanding, with a floating share count of 117.05M. Insiders hold about 5.71% of the company’s shares, while institutions hold 93.53% stake in the company. Shares short for FLYW as of 1713139200 were 7196515 with a Short Ratio of 5.03, compared to 1710460800 on 6495424. Therefore, it implies a Short% of Shares Outstanding of 7196515 and a Short% of Float of 6.0100004.
