MoneyHero (NASDAQ:MNY) Shares Down 1.8% - Should You Sell?

Key Points

• MoneyHero's shares dropped 1.8% on Friday, trading as low as $1.60, with an 80% decline in trading volume compared to average sessions.
• Wall Street analysts have upgraded MoneyHero to a "strong-buy" rating, setting a target price of $4.00, indicating potential growth despite recent stock performance.
• The company reported a loss of $0.10 earnings per share for the last quarter, with an anticipated negative earnings outlook for the current year.

MoneyHero Limited (NASDAQ:MNY - Get Free Report)'s stock price fell 1.8% during trading on Friday . The stock traded as low as $1.60 and last traded at $1.67. 130,916 shares were traded during trading, a decline of 80% from the average session volume of 653,811 shares. The stock had previously closed at $1.70.

Wall Street Analysts Forecast Growth

Separately, Greenridge Global raised shares of MoneyHero to a "strong-buy" rating and set a $4.00 price target on the stock in a research note on Monday, July 7th.

MoneyHero Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.37 and a quick ratio of 2.37. The company's fifty day simple moving average is $1.09 and its 200 day simple moving average is $0.94.

MoneyHero (NASDAQ:MNY - Get Free Report) last announced its quarterly earnings data on Friday, June 13th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $363.72 million for the quarter. MoneyHero had a negative return on equity of 52.74% and a negative net margin of 38.67%. On average, analysts predict that MoneyHero Limited will post -0.41 earnings per share for the current fiscal year.

MoneyHero Company Profile

MoneyHero Limited operates as a personal finance company. It engages in operation of online financial comparison platforms and related services. The company offers its products under Money Hero, SingSaver, Money101, MoneyMax, CompareHero, Seedly, and Creatory brands. MoneyHero Limited operates in Singapore, Hong Kong, Taiwan, the Philippines, Malaysia, and Thailand.