International Money Express, Inc. (IMXI)’s Big Moment Looks Overdone

International Money Express, Inc., which has current market capitalization of above $534 Million, published its last quarter earnings on June 30, 2019.

IMXI surged by $1.45 during the normal trading session on Thursday and reaching a high of $14.45 during the day while it closed the day at $14.00. The International stock had a low trading volume of 2.66 million shares on that day, which is low compared to the average daily volume of 177.90M shares. IMXI has also lost 1.41% of its value over the past 7 days. However, the stock has surged by 0.50% in the 3 months of the year. Over the past six months meanwhile, it has gained 31.09% while it has added 17.06% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -7.35% from its 3 months high price. However, taking another look at IMXI will indicate that it is trading +21.74% away from its 90-day low. Looking at the bigger picture, the International Money Express, Inc. stock has dropped by -7.35% from its 52-week high while it has surged by +35.79% from its 52-week low price.

International has around 107 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $123 Billion. The International stock is bringing in revenue of over 12 months, which is roughly 83 Billion. Despite all that, International Money Express, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 17.47%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 76.92%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 78.13%. Over the past 20 days, International’s Stochastic %K stood at 51.88% while its Stochastic %D was revealed to be 48.04%.