MoneyLion (ML) stock surges 16% due to strong growth and financial stability

From Nasdaq.: 2024-07-05 13:01:00

MoneyLion Inc. (ML) has outperformed its industry with a 16% stock surge this year, surpassing Ally Financial Inc. (ALLY) and Intuit Inc. (INTU). ML’s success is attributed to scalable solutions, diverse partnerships, and cash-back initiatives driving traffic.

With a 538% surge in the past year, MoneyLion remains on a growth trajectory, boasting a 98% increase in its customer base and a 29% rise in net revenues. The company’s marketplace-first strategy and strong partner network drive personalized financial decisions and repeat usage.

MoneyLion’s stock, though impressive, remains affordable, with a Price/Earnings ratio of 21.43X and EV-to-EBITDA of 12.54X. Trading 42% below its 52-week high, ML is a strong buy opportunity, with estimates predicting solid growth in sales and earnings for 2024 and 2025.

Notably, MoneyLion’s strong liquidity position, with a current ratio of 2.64, and absence of long-term debt ensure financial stability. The company’s expanding customer base and robust revenue growth prospects position it as a must-buy for investors seeking exposure to the fintech sector.



Read more at Nasdaq.: MoneyLion (ML) Surges 16% Year to Date: Get it or Let it Go?