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The closing price of Flywire Corp (NASDAQ: FLYW) was $16.98 for the day, up 4.17% from the previous closing price of $16.30. In other words, the price has increased by $4.17 from its previous closing price. On the day, 1.27 million shares were traded. FLYW stock price reached its highest trading level at $17.0 during the session, while it also had its lowest trading level at $16.56.
Ratios:
Our analysis of FLYW’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.12. For the most recent quarter (mrq), Quick Ratio is recorded 4.05 and its Current Ratio is at 4.05. 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 this company, Wedbush on May 24, 2024, initiated with a Neutral rating and assigned the stock a target price of $18.
On March 01, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also upped its target price recommendation from $27 to $30.
On February 06, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $27.Deutsche Bank initiated its Buy rating on February 06, 2024, with a $27 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 05 ’24 when Massaro Michael sold 7,631 shares for $16.69 per share. The transaction valued at 127,369 led to the insider holds 1,746,882 shares of the business.
Orgel Rob sold 3,815 shares of FLYW for $63,676 on Jun 05 ’24. The President and COO now owns 481,396 shares after completing the transaction at $16.69 per share. On Jun 05 ’24, another insider, King David R., who serves as the Chief Technology Officer of the company, sold 3,496 shares for $16.69 each. As a result, the insider received 58,352 and left with 618,689 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 2108932864 and an Enterprise Value of 1491290880. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.99 while its Price-to-Book (P/B) ratio in mrq is 2.64. Its current Enterprise Value per Revenue stands at 3.527 whereas that against EBITDA is -179.048.
Stock Price History:
The Beta on a monthly basis for FLYW is 0.98, which has changed by -0.48120987 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, FLYW has reached a high of $35.80, while it has fallen to a 52-week low of $15.19. The 50-Day Moving Average of the stock is -1.51%, while the 200-Day Moving Average is calculated to be -24.59%.
Shares Statistics:
FLYW traded an average of 1.62M shares per day over the past three months and 1159660 shares per day over the past ten days. A total of 120.70M shares are outstanding, with a floating share count of 117.22M. Insiders hold about 5.62% of the company’s shares, while institutions hold 93.36% stake in the company. Shares short for FLYW as of 1718323200 were 5990032 with a Short Ratio of 3.73, compared to 1715731200 on 5784066. Therefore, it implies a Short% of Shares Outstanding of 5990032 and a Short% of Float of 5.0.
