MoneyLion Inc. (ML) Stock Declines While Market Improves: Some Information for Investors

MoneyLion Inc. (ML) ended the recent trading session at $86.30, demonstrating a -0.15% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.24% for the day. At the same time, the Dow added 0.16%, and the tech-heavy Nasdaq gained 0.08%.Coming into today, shares of the company had lost 0.2% in the past month. In that same time, the Business Services sector gained 11.34%, while the S&P 500 gained 2.37%.The investment community will be paying close attention to the earnings performance of MoneyLion Inc. in its upcoming release. On that day, MoneyLion Inc. is projected to report earnings of $0.54 per share, which would represent year-over-year growth of 238.46%. Alongside, our most recent consensus estimate is anticipating revenue of $149.51 million, indicating a 32.36% upward movement from the same quarter last year.It's also important for investors to be aware of any recent modifications to analyst estimates for MoneyLion Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. MoneyLion Inc. is currently sporting a Zacks Rank of #3 (Hold).Looking at valuation, MoneyLion Inc. is presently trading at a Forward P/E ratio of 22.72. This denotes a premium relative to the industry's average Forward P/E of 15.22.The Financial Transaction Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 35% of all 250+ industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MoneyLion Inc. (ML): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks