On Jan. 06, Lisy Robert divested U.S. $789,303 in shares of International Money Express Inc.. The CEO, Pres, COB sold 48,900 shares at a price per share of $16.14. The transaction decreased this specific insider’s holdings to 1,252,160 shares worth around $20.07 million at present.
JMP Securities took its International Money Express Inc. [IMXI] rating to the equivalent of a Mkt outperform from a Mkt perform, and the price target to $18, in a research note dated August 05, 2020. That figure represents around a 10.94% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with JMP Securities’s analysts upgrading the shares from “a Mkt perform” rating to “a Mkt outperform” rating in a research note to investors issued in early August. Meanwhile, Cowen had lowered its rating on IMXI to “Market perform” from the earlier “an Outperform”, in a research note produced for clients March 10, 2020. In addition, there was a new coverage from Credit Suisse on January 24, 2020. The research firm rated IMXI “a Neutral”.
Is International Money Express Inc. [NASDAQ:IMXI] a Good Buy Right Now?
It should be noted that IMXI technical indicators for short, intermediate as well as long term progress have placed an overall average of 72% as Buy. The average signal changed from 24% Buy in the last week and compares with 88% Buy in the past month. Data from International Money Express Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.19 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 0.2 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.3 million shares.
IMXI Price Performance
On Wall Street, International Money Express Inc. [NASDAQ:IMXI] finished Friday’s session up 1.20% at $16.03. The stock went up to $16.15 at the same session while its lowest single day price was $15.76. In the last five days, it saw a rise of about 3.29%, International Money Express Inc. shares gained by almost 3.29% since the beginning of the year. However, the share price has dropped to as low as -14.23% below its one year high. On 01/06/21, the company shares recorded $16.63, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $15.03. The company’s shares have inclined by 33.36% in the past year. The 50-day SMA achieved is $15.84 while the 200-day SMA is $13.62. Volume gained to 0.2 million from 0.13 million in the previous session.
International Money Express Inc. [IMXI] Valuation Measures
Notably, International Money Express Inc. [IMXI] stock can be classified as a good candidate in the listing of underestimated low-priced Information Technology Services companies to purchase soonest possible with the prevailing 12-month PE ratio of 20.79. The measure means the stock is exchanging at a discount as compared to the 32.29x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.80 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 2.97 which means IMXI serve an attractive investment opportunity compared to its competitors.
IMXI Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 15.81 level, and in case of violation of this particular level, it will cause more drop to 15.59 level. On the upper level, 16.37 is still the key resistance. The stock may increase to the subsequent resistance at 16.20. The Relative Strength Index (RSI) pinned on the 14-day chart is 52.13, implying a neutral technical stance while the MACD stands at 0.18, meaning price will decrease in the next trading period. Percent R indicator moved to 53.92%, implying low price movement. Stochastic %K at 44.39% suggest holding the stock.
What is the short interest in International Money Express Inc.?
Short interest in the International Money Express Inc. stock has surged, increasing by 0.11 million shares to total 0.66 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.77 million, data from Yahoo Finance shows. The decrease of -16.89% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.55% of the overall float for the stock.
International Money Express Inc.’s Biggest Shareholders: Who Owns International Money Express Inc. [IMXI]?
Filings by Wellington Management Co. LLP showed that the firm now holds a total of 2,838,219 shares or roughly 7.46% of the outstanding IMXI shares. This means their shares have reduced by -743,859 from the 2,838,219 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Conifer Management LLC updated stake is worth $40,833,353. Details in the latest 13F filings reveal that Steamboat Capital Partners LLC disposed off their -5.61% stake valued at $39,829,252 while Nantahala Capital Management LLC cut theirs at $36,495,834. During the last quarter, Steamboat Capital Partners LLC liquidated -150,489 of its shares in International Money Express Inc. while Nantahala Capital Management LLC sold -594,022 shares. The Federated Global Investment Manag’s holdings currently number 2,050,000 shares at $32861500.0. According to the firm’s last 13F report, BlackRock Fund Advisors shares in the company at filing stood at 1,766,508 shares, roughly $27,804,836.
IMXI Earnings Forecast For The Current Quarter
International Money Express Inc. [IMXI] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $94.37M and an earnings per share of $0.22 for Dec 2020. Looking further ahead, the company is expected to report revenue of $87.9M at an EPS of $0.18 for Mar 2021. The estimates represent upside of 12.20% and 13.74% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
IMXI Earnings Estimates For The Current Year
For the financial year, International Money Express Inc. [NASDAQ:IMXI] is expected to bring in revenue of $352.27M. The returns are nearly $32.67 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.84, higher than that of FY19 by $0.32. Estimates put this year’s earnings growth at 61.50%, 14.30% for the next, and at an annual 0.55% over the next 5-year period. As for sales, forecasts are for an increase of 10.20% in the current fiscal year and a further 12.20% over the following year.
What are analyst thoughts on International Money Express Inc.?
Looking forward to the International Money Express Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for International Money Express Inc. stock at $18.00 within the next 12 months, which represents almost 10.94 per cent growth from its previous closing price of $16.03. The highest analysts’ target for International Money Express Inc. stock projections is $22.00 and the lowest one is $15.00. Still, 7 analysts sharing their consensus rating for IMXI stock in 2021 agree that it is an Overweight.