International Money Express (IMXI) Has Gained More than 49% Over the Past 6 Months

Company Overview - International Money Express, Inc. (NASDAQ:IMXI) has experienced a significant increase of approximately 49% over the past 6 months, positioning it as one of the best-performing affordable stocks under $40 [1] - The company has a Hold rating from Monness analyst with a price target set at $16 [1] Recent Developments - On December 2, the company announced a partnership with Banco Industrial to launch a digital remittance service via the Zigi App, enhancing its service offerings in Guatemala [2] - The integration of Intermex's Amigo Paisano app with Zigi will allow Guatemalans to receive money transfers directly into their accounts using a phone number, marking a shift from cash pickups to secure digital deposits [2] Strategic Initiatives - International Money Express plans to streamline the remittance process by fully digitizing the flow from sender to receiver, which is expected to boost adoption and increase transaction volumes [3] - The company provides omnichannel money remittance services, utilizing proprietary technology to facilitate fund transfers from the US, Canada, and Europe to over 60 countries [3]