Long Position on ML @ $52.00 on 2/28/2024 (Fundamentals)

MoneyLion Inc. (ML) provides a digital financial platform.

BULLISH CUP AND HANDLEThe 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 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.

Please note, this stock reports earnings on Thursday, March 7th.

MoneyLion reported a loss of $0.40 per share on revenue of $110.26 million for the third quarter ended September 2023. The consensus estimate was a loss of $0.79 per share on revenue of $113.43 million. The company beat consensus estimates by 49.37% while revenue grew 24.24% on a year-over-year basis.

The company said it expects 2023 revenue of $420.0 million to $425.0 million. The current consensus revenue estimate is $429.17 million for the year ending December 31, 2023.

Entry Point: $52.00

Trading Range: $7.50 - $66.99

Stop Loss: $49.40

Target Price: $57.20

Position closed on 3/8/2024 at price of $67.36 with a 29.54% gain in 8 days.

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