MicroMarvel: MoneyLion

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Photo by Jason Briscoe on Unsplash
 

Today's MicroMarvel is the software developer MoneyLion (ML). MicroMarvel is a series of articles highlighting undercovered stock with less than a billion dollars in Market Capitalization. I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11 /3 the stock gained 72.64%.

These articles are not intended to be buy recommendations. They highlight stocks that may have limited trading volume and may be highly volatile so if you do decide to add them to your portfolio I highly recommend you use stop loses and limit orders.

MoneyLion

ML Price vs Daily Moving Averages (Barchart)

MoneyLion Inc. provides a digital financial platform. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include roarmoney, a digital demand deposit account; instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; and MoneyLion Crypto, an online cryptocurrency account. It also provides an embedded finance marketplace connecting and matching consumers with real-time, personalized product, and service recommendations through its proprietary integrative technology; and offers creative media and marketing services to clients across industries through its media division. The company is headquartered in New York, New York. 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
 

Barchart Technical Indicators:

  • 100% technical buy signals
  • 256.85+ Weighted Alpha
  • 395.50% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50, and 100-day moving averages
  • 18 new highs and up 72.64% in the last month
  • Relative Strength Index 83.42%
  • Technical support level at $61.17
  • Recently traded at $64.30 with 50-day moving average of $35.23
     

Fundamental Factors:

  • Market Cap $665 million
  • Revenue is expected to grow 24.10% this year and another 22.60% next year
  • Earnings are estimated to increase 26.70.00% this year and an additional 93.00% next year

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts issued 4 strong buy recommendations on the stock
  • Analysts price target are between $31 and $102 with a consensus of $72.50 for a 14+% gain ---- very wide range of price targets
  • The individual investors following the stock on Motley Fool voted 2 to 0 for the stock to beat the market
  • Value Line does not rate this stock
  • CFRA's MarketScope gives the stock a hold
  • 3,760 investors monitor the stock on Seeking Alpha

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Disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are ...

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Comments

Kirk Sheffield 9 months ago Member's comment

Never heard of this company.  Thanks for putting it on my radar.