MoneyLion's Q2 2024 results beat consensus estimates, with revenue up 22.8% year-over-year and positive earnings of $0.29 per share. The company's customer base grew to 17 million, with revenue guidance for fiscal 2024 set at $525 million to $535 million, implying a low price-to-sales multiple of 0.89x. Positive GAAP earnings of $1.31 million and an adjusted EBITDA margin of 14.2% highlight operational efficiency, with potential for debt refinancing amid anticipated Fed rate cuts.
Given the recent decline in ML's shares, we analyze the stock's current position to determine whether it presents a good investment opportunity at this time.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
MoneyLion (ML) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
MoneyLion Inc. (ML) closed the most recent trading day at $43.48, moving +0.72% from the previous trading session.
MoneyLion Inc. (ML) closed at $41.18 in the latest trading session, marking a +1.2% move from the prior day.
Zacks.com users have recently been watching MoneyLion (ML) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
MoneyLion (ML) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
MoneyLion (ML) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
A big beat again this quarter, coupled with estimates that continue to rise make this a stock to keep an eye on.
MoneyLion Inc. (NYSE:ML ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Sean Horgan - Head, Investor Relations Dee Choubey - Chief Executive Officer Rick Correia - Chief Financial Officer Conference Call Participants George Sutton - Craig-Hallum Hal Goetsch - B. Riley Securities Kyle Peterson - Needham & Company Jacob Stephan - Lake Street Capital Markets Operator Greetings and welcome to the MoneyLion's Q2 2024 Earnings Call.