MGI stock: buy or sell?

MGI stock price: $3.72 3.33% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

2

After boosting a dazzling 6.67% yesterday, Moneygram International closed today at $3.72 and climbed a wonderful 3.33%. On Monday MGI plunged a frightening -5.54%.

MoneyGram International, Inc., together with its subsidiaries, provides money transfer services in the United States and internationally.

Should I buy MGI stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Moneygram International stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Moneygram International stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we collected 2 ratings published for MGI stock in the last month.

Is MGI a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-1Northland Securitiesn/aBuy
2019-4-3Northland SecuritiesMarket PerformOutperform

MGI stock analysis

Daily outlook

After boosting a dazzling 6.67% yesterday, Moneygram International closed today at $3.72 and climbed a wonderful 3.33%.

After boosting a dazzling 6.67% yesterday, Moneygram International closed today at $3.72 and climbed a wonderful 3.33%. On Monday, SMA100d and SMA200d crossed up triggering a rise of 8.45%. Since July 31st when MGI stock price broke up the SMA200d line, it gained $1.31 (54.36%). MGI shows a strong short term uptrend with several rising tops and rising bottoms. Since its last bottom on Aug 15th, MGI climbed unceasignly breaking out above its last top at 3.66.

MGI stock chart (daily)

Weekly outlook

Shares of Moneygram International climbed an amazing 8.45% this week. This week was the 5th green week in a row. Early July MGI collapsed a spooky -9.01% in just one week.

Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $3.92 resistance. Early August, SMA20w and SMA40w crossed up triggering a rise of 33.81%. Since price and SMA40w lines crossed up late July, MGI climbed $1.53 (69.86%).

MGI stock chart (weekly)

MGI stock price history

MGI stock went public on August 12th, 2004 with a price of $132.911. Since then, MGI stock sliced a -97.20%, with a yearly average of -6.50%.

1: Adjusted price after possible price splits or reverse-splits.

MGI stock historical price chart

MGI stock reached 52-week highs on September at $6.84, and all-time highs 2006-05-09 with a price of 292.52.

MGI stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not found any price forecast for Moneygram International stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Moneygram International presented extraordinary results for 2018-Q4 on February. Moneygram International boosted Earnings per Share (EPS) by 100.00%, beating analysts of $-0.01. Moneygram International posted $-0.02.
MGI earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.18n/a
2017-Q2-n/a0.16n/a
2017-Q3-n/a0.14n/a
2017-Q4-n/an/an/a
2018-Q12018-05-070.190.09-52.6%
2018-Q22018-08-030.110.1863.6%
2018-Q32018-11-080.110.2190.9%
2018-Q42019-02-11-0.01-0.02n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a horrible drop down of -9.64% to $1,447.60 million dollars. On the other hand, its income margin (compared to revenues) stayed constant to -1.66%, that is $-24.00 million.

MGI annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,470 M-$52 M3.6%-
2014$1,455 M-1.03%$72 M5.0%37.60%
2015$1,435 M-1.39%$-76.90 M-5.4%-206.66%
2016$1,630 M13.64%$16 M1.0%-121.20%
2017$1,602 M-1.74%$-29.80 M-1.9%-282.82%
2018$1,448 M-9.64%$-24.00 M-1.7%-19.46%

Quarterly financial results

Moneygram International reported $345.80 M in revenues for 2018-Q4, a -0.40% decline compared to previous quarter. Reported quarter income marked $-12.50 million with a profit margin of -3.61%. Profit margin gained a 2.40% compared to previous quarter when profit margin was -6.02%. When comparing sales to same quarter last year, Moneygram International sales marked a dreadful loss and plunged a -15.29%. Looking back to recent quarterly results, Moneygram International posted 4 negative quarters in a row.
MGI quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$386 M-$8.80 M2.3%-
2017-Q2$410 M6.19%$6.20 M1.5%-29.55%
2017-Q3$398 M-2.98%$7.70 M1.9%24.19%
2017-Q4$408 M2.61%$-52.50 M-12.9%-781.82%
2018-Q1$380 M-6.91%$7.10 M1.9%-113.52%
2018-Q2$375 M-1.42%$2.30 M0.6%-67.61%
2018-Q3$347 M-7.31%$-20.90 M-6.0%-1,008.70%
2018-Q4$346 M-0.40%$-12.50 M-3.6%-40.19%

Moneygram International ownership

When you are planning to buy shares of a stock, it's always worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Moneygram International, 5.34% of all outstanding shares are owned by its staff.

Bearish positions for MGI stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Moneygram International:

MGIEEFTFISGPNTSS
Market cap$209.8 M$7.7 B$44.5 B$24.8 B$22.6 B
Total shares56.4 M52.0 M331.0 M157.2 M176.9 M
Float shares30.1 M52.3 M610.5 M155.7 M174.3 M
  - Institutional holdings (%)82.9%104.4%92.3%102.0%82.7%
  - Insider holdings (%)5.3%4.2%0.6%0.7%1.6%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

MGI summary

Friday, August 23rd, 2019
Open$3.62
Close$3.72
Day range$3.56 - $3.89
Previous close$3.60
Session gain3.33%
Average true range$0.32
50d mov avg$2.65
100d mov avg$2.42
200d mov avg$2.34
Daily patternlb03c
Weekly pattern lb02a

Moneygram International performance

To better understand Moneygram International performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare Moneygram International to Euronet Worldwide, Fidelity National Information Services, Global Payments, Total System Services, WEX and Western Union:
Stock3m6m12m
MGIMoneygram Interna...116.28%40.91%-39.12%
EEFTEuronet Worldwide-6.18%10.90%53.21%
FISFidelity National...13.57%26.35%25.02%
GPNGlobal Payments2.99%23.73%29.40%
TSSTotal System Serv...12.46%36.22%32.62%
WEX 1.49%13.99%6.16%
WUWestern Union11.53%22.45%18.38%

Moneygram International competitors

One check before trading any stock is to have a look a list of its competitors, in this case for Moneygram International. We picked 6 companies as Moneygram International competitors as they are in the same industry or have similar market objectives.