MoneyHero (NASDAQ:MNY) Trading 1.7% Higher - Time to Buy?

Key Points

• Shares of MoneyHero (NASDAQ:MNY) rose about 1.7% to $1.24 on Tuesday (intraday high $1.28) on light volume of 10,565 shares, down ~67% from its average session volume.
• Analyst coverage is mixed (one Strong Buy, one Hold, one Sell) with a consensus rating of Hold and an average price target of $4.00.
• Financial profile: market capitalization about $51.97 million, negative trailing PE (-1.77), current/quick ratios ~1.96, and roughly 30.9% institutional ownership (Renaissance Technologies recently increased its stake).

MoneyHero Limited (NASDAQ:MNY - Get Free Report)'s share price traded up 1.7% during trading on Tuesday . The stock traded as high as $1.28 and last traded at $1.24. 10,565 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 31,669 shares. The stock had previously closed at $1.2190.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MNY. Weiss Ratings reissued a "sell (d-)" rating on shares of MoneyHero in a research report on Monday, December 29th. Zacks Research raised MoneyHero from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $4.00.

MoneyHero Stock Performance

The company has a market capitalization of $51.97 million, a PE ratio of -1.77 and a beta of 1.26. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.01. The business has a 50 day simple moving average of $1.34 and a 200 day simple moving average of $1.32.

Hedge Funds Weigh In On MoneyHero

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in MoneyHero by 20.9% during the fourth quarter. Renaissance Technologies LLC now owns 124,611 shares of the company's stock worth $157,000 after buying an additional 21,500 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of MoneyHero in the third quarter valued at $38,000. Finally, PFG Investments LLC acquired a new stake in shares of MoneyHero during the third quarter worth about $47,000. Hedge funds and other institutional investors own 30.86% of the company's stock.

MoneyHero Company Profile

MoneyHero Group Ltd NASDAQ: MNY operates an online comparison marketplace that helps consumers research, compare and select a broad array of financial and lifestyle products. Through its digital platform, MoneyHero presents side-by-side comparisons for credit cards, personal loans, mortgages, various insurance policies, broadband and mobile plans, as well as utility services. The site features interactive tools such as personalized calculators, user reviews and curated offer alerts, designed to simplify complex product information and enhance consumer decision making.

Founded in Hong Kong in 2014, MoneyHero has expanded its presence to serve customers in Singapore and Malaysia.

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