MoneyHero (NASDAQ:MNY) Rating Increased to Hold at Wall Street Zen

Key Points

• MoneyHero's stock has been upgraded to a "hold" rating by Wall Street Zen and to a "strong-buy" rating by Greenridge Global with a price target of $4.00.
• The company's market cap stands at $80.88 million, with shares opening at $1.93, having fluctuated between a one-year low of $0.55 and a high of $2.15.
• For the last quarter, MoneyHero reported an earnings per share (EPS) of ($0.10) and a negative return on equity of 52.74% against a revenue of $363.72 million.

MoneyHero (NASDAQ:MNY - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "hold" rating in a report issued on Saturday.

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

MoneyHero Stock Down 3.5%

Shares of NASDAQ:MNY traded down $0.07 during trading on Friday, hitting $1.93. 100,936 shares of the company were exchanged, compared to its average volume of 271,236. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01. The stock has a market cap of $80.89 million, a price-to-earnings ratio of -2.41 and a beta of 1.30. The firm has a fifty day moving average price of $1.32 and a two-hundred day moving average price of $0.99. MoneyHero has a fifty-two week low of $0.55 and a fifty-two week high of $2.15.

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

About MoneyHero

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.