MME) shares in the spotlight

The Moneyme Ltd (ASX: MME) share price is one of the better performers on the ASX today.

At the time of writing, Moneyme shares are up 2.21% to $1.39 a share, after rising as much as 4.4% earlier in the day. That’s significantly better than the broader S&P/ASX 200 Index (ASX: XJO), which has lost 0.9% today so far.

However, zooming out and the picture is not so bright for Moneyme. At the current share price, the company is still sitting more than 11% below the level it IPOed at back in December 2019.

It’s also more than 20% below its 52-week high of $2 a share. However, it would have been a good move to pick up Moneyme shares 12 months ago…