US Stocks Mixed; Owens & Minor Posts Downbeat Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Market Performance: U.S. stocks showed mixed results with the Dow rising 0.18%, while the Nasdaq fell 0.2%. Health care shares increased by 0.8%, but information technology stocks dropped by 0.5%.
Company Updates: Owens & Minor reported disappointing earnings, missing estimates, while Equillium and Entero Therapeutics saw significant stock price increases due to financing announcements. Conversely, VSee Health and Thumzup Media experienced substantial declines in their stock prices.
Analyst Views on IMXI
Wall Street analysts forecast IMXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IMXI is 16.00 USD with a low forecast of 16.00 USD and a high forecast of 16.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 15.500
Low
16.00
Averages
16.00
High
16.00
Current: 15.500
Low
16.00
Averages
16.00
High
16.00
About IMXI
International Money Express, Inc. is an omnichannel money remittance services company. The Company applies proprietary technology enabling consumers to send money from the United States, Canada, Spain, Italy, the United Kingdom and Germany to more than 60 countries. It offers the digital movement of money through a network of agent retailers in the United States, Canada, Spain, Italy, the United Kingdom and Germany; Company-operated stores; its mobile apps, and the Company’s Websites. Its remittance services include a suite of ancillary financial processing solutions and payment services, which are available in all 50 states in the United States, Washington D.C., Puerto Rico and 13 provinces in Canada. Its product and service portfolio includes online payment options, pre-paid debit cards and direct deposit payroll cards. Its money remittance services are also available on the Internet via its Websites (intermexonline.com and online.i-transfer.es) and on mobile device applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
