Flywire Corporation (NASDAQ:FLYW) closed Tuesday at $26.01 per share, down from $26.36 a day earlier. While Flywire Corporation has underperformed by -1.33%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FLYW fell by -4.97%, with highs and lows ranging from $32.88 to $14.56, whereas the simple moving average jumped by 13.55% in the last 200 days.
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On January 23, 2023, Morgan Stanley started tracking Flywire Corporation (NASDAQ: FLYW) recommending Equal-Weight. A report published by Loop Capital on October 24, 2022, Initiated its previous ‘Buy’ rating for FLYW. Truist also rated FLYW shares as ‘Buy’, setting a target price of $36 on the company’s shares in an initiating report dated September 23, 2022. Goldman July 14, 2022d the rating to Buy on July 14, 2022, and set its price target from $26 to $30. Stephens initiated its ‘Overweight’ rating for FLYW, as published in its report on June 10, 2022. SMBC Nikko’s report from April 13, 2022 suggests a price prediction of $40 for FLYW shares, giving the stock a ‘Outperform’ rating. Wells Fargo also rated the stock as ‘Overweight’.
Analysis of Flywire Corporation (FLYW)
Further, the quarter-over-quarter increase in sales is 40.40%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Flywire Corporation’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -10.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and FLYW is recording an average volume of 978.50K. On a monthly basis, the volatility of the stock is set at 5.69%, whereas on a weekly basis, it is put at 4.84%, with a gain of 2.04% over the past seven days. Furthermore, long-term investors anticipate a median target price of $31.08, showing growth from the present price of $26.01, which can serve as yet another indication of whether FLYW is worth investing in or should be passed over.
How Do You Analyze Flywire Corporation Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in FLYW shares?
The recent increase in stakes in FLYW appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc. made another increased to its shares in FLYW during the first quarter, upping its stake by 29.13%. During the last quarter, the company picked up 1,611,957 additional shares for a total stake of worth $174.84 million, bringing number of shares owned by the company to 7,145,142.
During the first quarter, AllianceBernstein LP added a 2,924,057 position in FLYW. BlackRock Fund Advisors purchased an additional 0.59 million shares in the last quarter, increasing its holdings by 22.70%, now holding 3.19 million shares worth $78.09 million. At the end of the first quarter, Goldman Sachs & Co. LLC increased its FLYW holdings by 12,171.58% and now holds 2.45 million FLYW shares valued at $60.03 million with the added 2.43 million shares during the period. FLYW shares are owned by institutional investors to the tune of 89.30% at present.
