In a significant market move, shares of MoneyLion Inc (ML) experienced a notable decline of 4.24% during mid-day trading on December 2, 2024. The stock, which had previously closed at $91.70, hit an intraday low of $85.82 before making a slight recovery to $87.81.
This recent downturn positions MoneyLion’s stock at 17.80% below its 52-week high of $106.82, while simultaneously being 139.59% above its 52-week low of $36.65. The trading volume recorded was 54,911 shares, which is approximately 26.5% of the stock’s average daily volume of 207,476 shares.
Analyst Projections for MoneyLion Inc
Market analysts have provided a range of price targets for MoneyLion Inc, with seven analysts contributing to the forecast. The average target price is set at $94.70, suggesting a potential upside of 7.85% from the current trading price of $87.81. The estimates vary significantly, with the highest target reaching $133.00 and the lowest dropping to $35.92.
Brokerage Recommendations
According to the consensus recommendation from the seven brokerage firms covering MoneyLion Inc, the average rating is currently at 2.0, which indicates an “Outperform” status. This rating scale ranges from 1 to 5, where 1 represents a Strong Buy and 5 signifies a Sell.
Estimated Fair Value
In terms of fair value, GuruFocus estimates that MoneyLion Inc’s GF Value for the upcoming year is approximately $41.93. This figure suggests a potential downside of 52.25% from its current price of $87.81. The GF Value is GuruFocus’ assessment of what the stock should ideally trade at, based on historical multiples, past business growth, and future performance estimates.
Market Sentiment and Implications
The recent fluctuations in MoneyLion’s stock price reflect broader market sentiments and investor reactions to various factors impacting the financial technology sector. As analysts continue to monitor the performance of MoneyLion Inc, investors are advised to consider both the short-term volatility and the long-term growth potential of the company.
It is important for investors to note that the insights provided here are based on historical data and analyst projections, and should not be construed as personalized financial advice. The analysis aims to deliver a comprehensive view of the stock’s performance, but may not include the latest price-sensitive company announcements or qualitative insights.
Investors are encouraged to conduct their own research and consider their individual investment objectives and financial circumstances before making any investment decisions.
