It's been a while since we checked in with Flywire. It's down quite a bit from the $30 level.//
Flywire(NASDAQ:
FLYW) should be a strong consideration for investors in 2024, but not only because of the potential of small cap stocks this year. The company is a payments firm that serves a global clientele of 3,500 which transacts in more than 140 currencies. Fintech is expected to continue to
grow for years to come. So, Flywire hits on a lot of positives that make it that much easier to invest.
The firm’s primary focus is in accounts and receivables (A/R) and Enterprise Resource Planning (ERP). Flywire’s fundamentals continue to improve rapidly. In fact, the
company reported $10.6 millionin third quarter net income, a strong pivot from a $4.3 million loss a year earlier. Revenues increased by 29.5% during the same period, reaching $123.3 million. Furthermore, revenues increased by 43% through the first three quarters of 2023.
There is a very straightforward argument to be made in favor of Flywire: rapid growth, small cap status, and a pivot internet income are all strong factors that it possesses.
Chart Events
Bullishpattern detected
Fast Stochastic
Starting to stair case up and today->
Citi opens 'positive catalyst watch' on Flywire ahead of earnings » 10:52 FLYW
I'm not so sure... alot of insider selling but lets follow the name....