MoneyHero (NASDAQ:MNY) Upgraded 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 research report issued to clients and investors on Saturday.

Separately, Greenridge Global upgraded MoneyHero to a "strong-buy" rating and set a $4.00 price objective on the stock in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, MoneyHero presently has an average rating of "Strong Buy" and a consensus target price of $4.00.

MoneyHero Stock Down 2.2%

Shares of NASDAQ:MNY traded down $0.04 during trading on Friday, hitting $1.80. 71,201 shares of the company's stock traded hands, compared to its average volume of 224,642. MoneyHero has a 52 week low of $0.5512 and a 52 week high of $2.15. 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 company has a market cap of $75.44 million, a price-to-earnings ratio of -2.25 and a beta of 1.30. The company has a 50-day moving average price of $1.38 and a 200-day moving average price of $1.01.

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