ML - MoneyLion: More Catalysts Ahead

2024-03-08 13:18:40 ET

Summary

• MoneyLion Inc. is back in growth mode as platform partners return, adding 1.9 million new customers in Q4 '23.
• The fintech has become highly profitable, with adjusted EBITDA hitting $17 million and the company forecasting accelerating growth this year.
• MoneyLion trades at a low multiple of ~10x EBITDA targets and has significant growth potential, especially with the EY partnership.

MoneyLion Inc. ( ML ) has become the gateway for financial products on the Internet, but the stock still trades like a SPAC that performed a reverse split. The fintech remains in massive growth mode and has turned highly profitable while the stock still trades at a split adjusted $2, though MoneyLion has already had a big rally off the lows. My investment thesis remains ultra Bullish on the stock based on financial metrics, not how much MoneyLion has rallied off the lows....

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