MNY Stock Summary and Trading Ideas (Moneyhero Limited - Class A | NASDAQ:MNY)

MoneyHero Ltd is a personal finance aggregation and comparison company in Greater Southeast Asia. The firm is involved in the operation of online financial comparison platforms and related services for credit cards, personal loans, mortgages, insurance, and other financial products, connecting the providers of these products with well-matched and ready-to-transact consumers and generating revenue directly from these providers for placing their products on its platforms and providing insurance brokerage, marketing and events-related services.

Moneyhero Limited - Class A trades on the NASDAQ stock market under the symbol MNY.

As of January 6, 2025, MNY stock price climbed to $1.15 with 138,427 million shares trading.

MNY has a beta of 1.95, meaning it tends to be more sensitive to market movements. MNY has a correlation of 0.06 to the broad based SPY ETF.

MNY has a market cap of $45.34 million. This is considered a Sub-Micro Cap stock.

MNY has underperformed the market in the last year with a return of -18.4%, while SPY returned +28.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MNY shares. However, MNY has outperformed the market in the last 3 month and 2 week periods, returning +5.5% and +4.5%, while SPY returned +4.2% and +0.1%, respectively. This indicates MNY has been having a stronger performance recently.

MNY support price is $1.06 and resistance is $1.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MNY shares will trade within this expected range on the day.