Last Updated: 16 Sep 2024
Executive Summary
International Money Express Inc. (IMXI) is a money transfer service company operating in the Americas, Africa, and the Caribbean. With a market capitalization of $601.94 million, the company has a strong financial position and a positive long-term outlook.
Company Overview
IMXI provides remittance services to individuals and businesses, enabling them to transfer funds internationally. The company has a network of over 300,000 locations and offers a range of services, including online transfers, mobile transfers, and cash-to-cash transfers.
Fundamental Analysis
Revenue: IMXI's revenue has grown steadily in recent years, reaching $666.16 million in the trailing twelve months (TTM).
Profitability: The company has a profit margin of 8.78%, with EBITDA of $111.26 million TTM.
Valuation: IMXI's trailing price-to-earnings (PE) ratio is 10.99, which is below the industry average.
Return on Equity: The company has a strong return on equity of 39.9% TTM, indicating that it is using its assets effectively.
Technical Analysis
Trend: IMXI's stock price has been trending higher in recent months, breaking above its 50-day and 200-day moving averages.
Support and Resistance: The stock has support at $18.46 and resistance at $23.28.
Momentum: The relative strength index (RSI) is in the neutral range, indicating that the stock is not overbought or oversold.
Short Term Outlook
In the short term, IMXI's stock price is expected to continue its upward trend. The company's strong fundamentals and positive technical indicators suggest that it is well-positioned for further growth.
Long Term Outlook
The long-term outlook for IMXI is also positive. The company's focus on emerging markets and its commitment to innovation are expected to drive continued growth in the years to come.
Analyst Recommendations
Analysts have a positive view on IMXI's stock. One analyst has a "Strong Buy" rating, three have a "Buy" rating, and four have a "Hold" rating. The average analyst target price is $24.17, which implies an upside potential of 30.9% from the current price.
