MoneyLion is up Over 500%, Why Isn't Anyone Talking About It?

June 30, 1:43 pm

We have all heard about the impressive gains of Nvidia (up 192% year over year) and Micron (up 108% year over year). These tech giants are frequently mentioned on platforms like Reddit, capturing the attention of retail investors and market analysts alike. However, amidst the buzz surrounding these popular stocks, a hidden gem has been quietly making waves in the financial sector – MoneyLion.

MoneyLion, a digital financial platform providing access to banking, borrowing, and investing solutions, has seen its stock soar by over 500% year over year. Despite this phenomenal growth, the stock has remained under the radar, with minimal discussion on social media and investment forums.

A Closer Look at MoneyLion's Performance

MoneyLion's journey has been remarkable, especially in a year marked by inflation and high interest rates. With a current market cap of $804 million, the company's stock has risen from $18 per share at the end of August 2023 to nearly $74 per share today. This significant increase has occurred despite the stock's historical volatility.

During the pandemic, MoneyLion's stock reached an all-time high of $365 per share, only to plummet by over 95% starting in September 2021. However, since last summer, the stock has been steadily recovering, showcasing resilience and potential for future growth.

Indicators of Growth

Several indicators suggest that MoneyLion is on an upward trajectory:

Job Postings: There has been a 104% year-over-year increase in job postings, indicating a growing company.

Employee Growth: The number of employees on LinkedIn claiming to work for MoneyLion has increased by nearly 10% year over year.

Social Media Presence: The company's Instagram followers have grown by over 120% year over year, suggesting increased interest and a potential expansion in clientele.

Revenue Growth: MoneyLion's revenue has been steadily increasing over the past few quarters. In Q1, the company reported $121 million in revenue, up 7.1% from the previous quarter. Net income for the same period was $7.1 million, a staggering 268% increase from the previous quarter.

Insider Activity and Market Sentiment

While the overall outlook for MoneyLion is positive, it's worth noting that company insiders have sold US$5.9 million worth of stock, possibly signaling caution. Insider sales can sometimes be indicative of underlying concerns, so it's essential to consider this factor when evaluating the stock's future potential.

AltIndex's Perspective

At AltIndex, we first issued a buy signal for MoneyLion at the end of August 2023 when the stock was trading at $18 per share. And our algorithm remains bullish on the stock, assigning it an AI score of 60 and setting a target price of $80.

Conclusion

MoneyLion's impressive performance, coupled with its growth indicators and revenue increases, makes it a stock worth watching. Despite its relative obscurity compared to tech giants like Nvidia and Micron, MoneyLion has demonstrated resilience and potential for continued growth. Retail investors looking for undervalued opportunities in the market should consider adding MoneyLion to their watchlist.

Stay tuned to AltIndex.com for more updates and insights on the latest market trends and investment opportunities.

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