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International Monetary Systems
International Monetary Systems, Ltd. operates as a financial technology company worldwide. The company engages in developing and operating financial markets, payment, and foreign exchange brands. It offers liquidity, execution, and market-making services for exchange-traded funds (ETFs) and other securities through its electronic communication network. The company also provides FX and metals trading, securities lending, principal trading, and other financial services.
The current symbol for International Monetary Systems Ltd. (itnm) is ITNM.
Based on Wall Street analysts' forecasts, the firm will grow its earnings by 22.5% yearly for the next five years. The company's revenue for the corresponding period is projected to climb by 14.9%.
The company currently has a small market capitalization of USD 636.8 million, yet its stock has surged a staggering 121.9% in the past 12 months compared to a 9.6% decline for the S&P 500. Despite the stocks immense gains, Wall Street has set a moderate price target, implying a potential 15.2% increase.
While ITNM possesses promising growth prospects, the stock's forward valuation seems steep at a forward price-to-earnings (P/E) ratio of 41.4 compared to the industry's 14.5. However, the company's superb growth outlook could justify the premium valuation.
When considering the potential and the forward valuation, Wall Street analysts have tagged ITNM as a buy. It's a niche fintech play with high expected growth rates in a market that should remain robust even during economic uncertainty.