The Street Is Finally Waking Up To Flywire Corp (NASDAQ: FLYW)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Cosmin Pitigoi to Join Flywire as Chief Financial Officer.

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Stocks Info

Flywire Corp is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $23.39 and fluctuated between $23.50 as its day high and $22.88 as its day low. The current market capitalization of Flywire Corp is $2.84B. A total of 1.36 million shares were traded on the day, compared to an average of 1.52M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, FLYW has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 47 BUYs and 112 SELLs from insiders. Insiders purchased 1,459,438 shares during that period but sold 20,666,906.

In the most recent transaction, Ellis Michael G sold 3,500 shares of FLYW for 20.83 per share on Feb 15. After the transaction, the Chief Financial Officer now owns 337,318 company shares. In a previous transaction on Jan 16, Ellis Michael G sold 3,500 shares at 20.31 per share. FLYW shares that Chief Financial Officer owns now total 337,318.

Among the insiders who sold shares, Butterfield Peter disposed of 2,161 shares on Dec 08 at a per-share price of $21.78. This resulted in the General Counsel and CCO holding 142,332 shares of FLYW after the transaction. In another insider transaction, Ellis Michael G sold 3,394 shares at $23.16 per share on Dec 06. Company shares held by the Chief Financial Officer now total 337,004.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for FLYW in the last 3 months, the mean price target is $30.47 with high estimates of $36.00 and low estimates of $25.00. In terms of 52-week highs and lows, FLYW has a high of $35.80 and a low of $18.65.

As of this writing, FLYW has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.11. The company reported an EPS of -$0.15 in the last quarter, which was -7.10% lower than expectations of -$0.14.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. FLYW’s latest balance sheet shows that the firm has $385.36M in Cash & Short Term Investments as of fiscal 2021. There were $25.94M in debt and $117.48M in liabilities at the time. Its Book Value Per Share was $6.39, while its Total Shareholder’s Equity was $482.20M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FLYW is Buy with a score of 4.83.

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