COF - MoneyLion: Getting Some Due Respect
2024-05-21 13:33:11 ET
Summary
- MoneyLion, a fintech platform operator, has seen a turnaround in its stock performance over the past year with the shares up over 600% in 12 months.
- The company continues to see significant improvements in several key metrics and reported first quarter results earlier this month.
- Analysts are also optimistic about MoneyLion's future prospects. An updated analysis around this Fintech concern follows in the paragraphs below.
Back in July of 2022, I put out my first and only article around fintech platform operator MoneyLion ( ML ) calling the shares of this Busted IPO ' Unloved and Oversold' . The company targets middle-income America by providing banking, personal loans, credit enhancement, cash advances, managed investment, and cryptocurrency products via their over 1,100 enterprise partners in what the company calls its flywheel business model. Approximately half its revenues come from products from these partners and the rest from products like loans it holds itself....
MoneyLion: Getting Some Due Respect