How to buy Money3 shares | A$2.35
Own Money3 shares in just a few minutes.
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Money3 Corporation Limited is a credit services business based in Australia. Money3 shares (MNY) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $2.35 – an increase of 2.17% over the previous week. Money3 has a trailing 12-month revenue of around $124 million.
How to buy shares in Money3
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Money3. Find the share by name or ticker symbol: MNY. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Money3 reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $2.35, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Money3. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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How has coronavirus impacted Money3's share price?
Since the stock market crash in March caused by coronavirus, Money3's share price has had significant negative movement.
Its last market close was $2.35, which is 22.44% down on its pre-crash value of $3.03 and 250.75% up on the lowest point reached during the March crash when the shares fell as low as $0.67.
If you had bought $1,000 worth of Money3 shares at the start of February 2020, those shares would have been worth $337.50 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $979.17.
Money3 share priceUse our graph to track the performance of MNY stocks over time.
Money3 shares at a glance
|Latest market close||AUDA$2.35|
|52-week range||AUDA$0.67 - AUDA$3.04|
|50-day moving average||AUDA$2.1172|
|200-day moving average||AUDA$1.7689|
|Dividend yield||AUDA$0.06 (2.6%)|
|Earnings per share (TTM)||AUDA$0.13|
Standard brokerage - Australian shares
Share Trading Account Offer
Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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Is it a good time to buy Money3 stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Money3 price performance over time
|1 week (2020-10-15)||3.52%|
|1 month (2020-09-25)||15.76%|
|3 months (2020-07-24)||35.45%|
|6 months (2020-04-24)||88.00%|
|1 year (2019-10-25)||6.82%|
|2 years (2018-10-25)||42.86%|
|3 years (2017-10-25)||47.80%|
|5 years (2015-10-23)||124.32%|
Is Money3 under- or over-valued?
Valuing Money3 stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Money3's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Money3's P/E ratio
Money3's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, Money3 shares trade at around 19x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Money3's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $68.4 million.
The EBITDA is a measure of a Money3's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$124 million|
|Operating margin TTM||54.25%|
|Gross profit TTM||$124 million|
|Return on assets TTM||10.07%|
|Return on equity TTM||9.06%|
|Market capitalisation||$441.3 million|
TTM: trailing 12 months
Money3 share dividends
Dividend payout ratio: 66.67% of net profits
Recently Money3 has paid out, on average, around 66.67% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.6% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Money3 shareholders could enjoy a 2.6% return on their shares, in the form of dividend payments. In Money3's case, that would currently equate to about A$0.06 per share.
Money3's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 1 September 2020 (the "ex-dividend date").
Money3 share price volatility
Over the last 12 months, Money3's shares have ranged in value from as little as $0.67 up to $3.04. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Money3's is 1.0585. This would suggest that Money3's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Money3 Corporation Limited provides secured vehicle loans in Australia and New Zealand. The company offers vehicle loans that include loans for new and used cars, campervans, vans, minibuses, motorbikes, caravans, utes, trailers, boats, jet skis, trucks, ride on mowers, and tractors. It also provides secured and unsecured personal, and cash loans. The company provides loans through brokers under the Money3 and GoCarFinance brand names. Money3 Corporation Limited was incorporated in 2005 and is headquartered in Bundoora, Australia.
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