Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NYSE: ML stock surged over 15.48% on the August 10 trading session, breaking initial resistance.&nbsp;</a> </li> 
 <li> <span>2</span> <a>ML shares are consolidating in the range between $9 to $13.&nbsp;</a> </li> 
 <li> <span>3</span> <a>The annual price target of ML stock is 25.33, which is around 76.91% greater than its press time trading price.</a> </li> 
</ul> 
<p>NYSE: ML stock surged over 15.48% intraday, breaking initial resistance. It opened trading at $12.65, lowering to $12.60, it hit a high of $14.56 and closed trading at $14.32 with an intraday trading volume of 79.369k.</p> 
<p>ML stock added 19.43% to its trading price in the monthly time frame; similarly, in the quarterly time frame, the stock price surged more than 7%. MoneyLion, Inc.’s stock’s highest trading price in 52 weeks was $73.72, and its lowest traded price was $7.50.&nbsp;</p> 
<p>The annual price target of ML stock is 25.33, which is around 76.91% greater than its press time trading price. MoneyLion, Inc.’s market capitalization is $140.486 Million, average trading volume is 52.545k.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-nyse-ml-stock-price-analysis-strong"><strong>NYSE: ML Stock Price Analysis&nbsp;</strong></h2> 
<p>A sudden surge in the trading volume and trading price was seen in the August 10 trading session. The bullishness indicates that bullish accumulation in the last two sessions covered the bearish drop of the past week.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/EUYMq2qzdWUddGw94OipDLTN-FRrgZCSW8Pafg--qLLw1FTT1JPdZOABkZcBCKjQ17MMD_njPx316zagOF0XtfqD__w3rXdVHzVN6zxGxxlplgpw9NYRDs_ghYYLvSRF8zFdeNKPep95xpdBmEzJXEA" alt="ML Stock Added Over 15% Intraday; Bulls Begin Recovering Losses"> 
  <figcaption class="wp-element-caption">
    Source: ML stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>As the buyers dominate, ML stock might face immediate resistance at $15.40 followed by $23.20. Over the last few trading sessions, ML shares have been consolidating between $9 to $13.</p> 
<p>If buyers fail to take control over sellers in the coming session, then ML stock might face immediate Support of $11.80 and possibly next Support of $7.39. After analyzing the technical<a href="https://www.thecoinrepublic.com/2023/08/11/spce-stock-lost-4-14-on-august-10-could-open-above-closing/" target="_blank" rel="noopener noreferrer nofollow"> aspects of ML stock</a>, there is a majority of chance that its price might surge and start trading in the range of $20.&nbsp;</p> 
<p>ML stock was trading above 20-day and 50-day EMA at press time, but it is still trading below 100-day and 200-day EMAs. By the end of the upcoming week, an impressive surge might be seen in the stock price as the company reported 10.27% more revenue in Q2 2023.</p> 
<h3 class="wp-block-heading" id="strong-moneylion-inc-earnings-revenue-strong"><strong>MoneyLion Inc Earnings &amp; Revenue</strong></h3> 
<p>In Q1 2023, the company was supposed to report $86.88 Million in revenue; however, it reported $89.01 Million. Similarly, for Q2, it was predicted that the company would report $97.03 Million. Moreover, it bypassed the estimations and reported 10.27% more revenue.</p> 
<p>For Q3 and Q4 2023, the company is assumed to report $108.76 Million and $112.96 Million in revenue. According to TradingView, the majority of ML shares are closely held by the company’s financial backers or the board of directors. However, only 3.475 Million shares are free floating and available for trading in the market.&nbsp;</p> 
<p>Despite reporting positive revenue in Q2 2023, the company’s earnings per share (EPS) declined by over 70.08%. But in Q1, the EPS was 33.85% higher than the estimated figure.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Major Resistance: $15.40 and $23.20</p> 
<p>Primary Support: $11.80 and $7.39</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>The recent surge in <a href="https://www.thecoinrepublic.com/2023/08/11/spce-stock-lost-4-14-on-august-10-could-open-above-closing/" target="_blank" rel="noopener noreferrer nofollow">ML stock trading price</a> and trading volume seems like buyers have taken the position and are ready to battle bears, and it is assumed that ML stock might surge further by the end of the upcoming week.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

ML Stock Added Over 15% Intraday; Bulls Begin Recovering Losses

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 11, 2023

The Price of XRP Reached $50 on This Exchange! Market Cap Has Become Trillions Of Dollars!

Santiment Draws Attention to Whale Operations in CRV! A harbinger of Ascension?

Analyst: Bitcoin May Rise 130%, Reach $70k in 2023

DraftKings Stock Price Outlook 2023: DKNG Disrupting the Market?

Binance Seeks Registration under Taiwan’s Money Laundering Control Act!

While Bitcoin Stabilizes, These Altcoins Signal Rising Potential: Chainlink (LINK), InQubeta (QUB...

Join our free newsletter for daily crypto updates!