Why the Market Dipped But MoneyLion Inc. (ML) Gained Today

The latest trading session saw MoneyLion Inc. (ML) ending at $87, denoting a +0.68% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.47%. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq decreased by 0.51%.The the stock of company has risen by 0.47% in the past month, lagging the Business Services sector's gain of 3.17% and the S&P 500's gain of 1.67%.The investment community will be paying close attention to the earnings performance of MoneyLion Inc. in its upcoming release. The company is predicted to post an EPS of $0.54, indicating a 238.46% growth compared to the equivalent quarter last year. 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.Investors should also pay attention to any latest changes in analyst estimates for MoneyLion Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 10.93% higher. MoneyLion Inc. presently features a Zacks Rank of #3 (Hold).In terms of valuation, MoneyLion Inc. is presently being traded at a Forward P/E ratio of 22.71. This indicates a premium in contrast to its industry's Forward P/E of 14.18.The Financial Transaction Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 131, positioning it in the bottom 48% of all 250+ industries.The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want 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