MGI stock: buy or sell?
January 17th, 2020
MoneyGram International, Inc., together with its subsidiaries, provides money transfer services in the United States and internationally.
Should I buy MGI stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Moneygram International stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Moneygram International stock a buy?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we detected 4 ratings published for MGI stock in the last 30 days. The general sentiment of these ratings is bullish for MGI stock, with 3 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-4-3||Northland Securities||Market Perform||Outperform|
MGI stock analysis
After boosting an exceptional 18.75% on January/16, Moneygram International closed yesterday at $2.65 and dropped a godawful -2.57%.
After boosting an exceptional 18.75% on January/16, Moneygram International closed yesterday at $2.65 and dropped a godawful -2.57%. Since price and SMA200d lines crossed down on December, MGI fell $-0.42 per share (-13.68%). From a daily perspective, MGI is in a short term uptrend after plotting its last bottom ($2.08, on Tuesday) higher than the previous bottom, and its last top ($2.80, on January 16th) also over the previous top. Now trading in between its last bottom and last top MGI might consolidate in a plain range, waiting to break out over $2.80 or down under $2.08.
Shares of Moneygram International closed this week at $2.65 and skyrocketed an extraordinary 19.37%. By mid December 2019 MGI plunged a scary -6.76% in just one week. With this, it's been 3 green weeks in a row, gaining $0.51 or 22.97%.
Since price and 40-weeks moving average lines crossed down early December, MGI fell $-0.42 per share (-13.68%). Stocks under the 200 days moving average line are usually not recommended for average traders. Since SMA20w and SMA40w crossed up early August, MGI price slid a -4.68%.
MGI stock price history
MGI stock went public on August 12th, 2004 with a price of $132.911. Since then, MGI stock lost a -98.00%, 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 $6.70, and all-time highs 2006-05-09 with a price of 292.52.
MGI stock price target is $5.30Predicting 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. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 2 price predictions for MGI stock posted in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Moneygram International reported its latest financial data, posting an amazing climb for the Earnings per Share (EPS) ratio. Experts expected $-0.01 per share, but Moneygram International posted $-0.02.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Moneygram International annual sales slipped a godawful -9.64% to $1,447.60 M dollars from $1,602.10 marked in 2017. Nonetheless, its income margin (compared to revenues) stayed stable to -1.66%, that is $-24.00 million.
|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 M||13.64%||$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 resultsMoneygram International reported $345.80 M in revenues for 2018-Q4, a -0.40% decline compared to previous quarter. Reported quarter income marked $-12.50 M with a profit margin of -3.61%. Profit margin inched a 2.40% compared to previous quarter when profit margin was -6.02%. When comparing revenues to same quarter last year, Moneygram International sales marked a scary drop down and plummed a -15.29%. Looking back to recent quarterly results, Moneygram International posted 4 positive quarters in a row.
|2017-Q1||$386 M||-||$8.80 M2.3%||-|
|2017-Q2||$410 M||6.19%||$6.20 M1.5%||-29.55%|
|2017-Q3||$398 M||-2.98%||$7.70 M1.9%||24.19%|
|2017-Q4||$408 M||2.61%||$-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 ownershipWhen you are planning to invest in a company, it's always worth to check 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, 13.54% of all outstanding shares are owned by its staff.
In case of Moneygram International stock, 28.33% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for MGI stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related companies:
|Market cap||$166.1 M||$8.9 B||$90.4 B||$59.7 B||$9.8 B|
|Total shares||62.7 M||54.0 M||614.6 M||300.6 M||43.3 M|
|Float shares||54.2 M||51.9 M||612.7 M||298.3 M||42.9 M|
|- Institutional holdings (%)||28.3%||96.8%||92.3%||92.0%||100.8%|
|- Insider holdings (%)||13.5%||3.9%||0.3%||0.5%||0.9%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, January 17th, 2020|
|Day range||$2.50 - $2.75|
|Average true range||$0.18|
|50d mov avg||$2.57|
|100d mov avg||$3.48|
|200d mov avg||$2.96|
Moneygram International performanceTo better understand Moneygram International performance you must compare its gains with other related stocks in same sector or industry. We compared Moneygram International against Euronet Worldwide, Fidelity National Information Services, Global Payments, WEX and Western Union in the following table: