Is FirstCash Holdings Inc (FCFS) Price Targeted To Increase?


As of Wednesday close, FirstCash Holdings Inc’s (NASDAQ:FCFS) stock was down -$1.94, moving down -2.02 percent to $94.06. The average number of shares traded per day over the past five days has been 246,960 shares. 5 times new highs have been achieved over the past 5 days, with a $3.90 gain in that time frame. In the last twenty days, the average volume was 300,650, while in the previous 50 days, it was 268,928.

Since last month, FCFS stock rose 8.54%. Shares of the company fell to $82.85 on 10/24/22, the lowest level in the past month. A 52-week high of $100.00 was reached on 11/01/22 after having rallying from a 52-week low of $58.30. Since the beginning of this year, FCFS’s stock price has risen by 25.73% or $19.25, and marked a new high 14 times. However, the stock has declined by -5.94% since its 52-week high.

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FCFS stock investors should be aware that FirstCash Holdings Inc (FCFS) stock had its last reported insider trading activity 24 days ago on Oct 31. GRAVES JAMES H, the Director of the company, disposed of 8,000 shares for $96.00 on Oct 31. It resulted in a $768,000 divestment by the insider. Hambleton Howard F added 11,715 shares at an average price of $75.78 on Feb 23. The insider now owns 16,443 shares following the transaction. On Feb 22, AFF President Hambleton Howard F bought 1,472 shares at $76.18 apiece. The transaction was valued at $112,137.

Valuation Metrics

Right now, FirstCash Holdings Inc (FCFS) has a P/E ratio of about 21.58. The stock’s beta is 0.79. Besides these, the trailing price-to-sales (P/S) ratio of 1.75, the price-to-book (PB) ratio of 2.45, and the price-to-cash flow ratio of 23.62 may also be considered.

The latest dividend of $0.33 per share was paid out, remained unchanged from last year’s $0.33. On Friday July 29 2022, a $0.03 dividend increase was announced.

Financial Health

In the three months ended June 29, FirstCash Holdings Inc’s quick ratio stood at 2.30, while its current ratio was 3.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.72, and the total debt-to-equity ratio was 0.72. On the profitability front, the trailing twelve-month gross margin is 46.10% percent. In the year ended June 29, operating margins totaled 8.00%. Based on annual data, FCFS earned $919.15 million in gross profit and brought in $1.7 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.00%. Return on equity (ROE) for the past 12 months was 7.10%.

In FirstCash Holdings Inc’s quarter-end financial report for June 29, it reported total debt of $338.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FCFS’s revenue rose 40.54% to $647.62 million during the quarter, while net income inched up to $672.14 million. While analysts expected FirstCash Holdings Inc to report $0.98 quarterly earnings, the actual figure was $1.08 per share, beating the consensus estimate by 10.20%. During the quarter, the company generated $195.12 million in EBITDA. The liabilities of FirstCash Holdings Inc were 2.06 billion at the end of its most recent quarter ended June 29, and its total debt was $1.6 billion. The value of shareholders’ equity is $46.32 million.

Technical Picture

This quick technical analysis looks at FirstCash Holdings Inc’s (FCFS) price momentum. With a historical volatility rate of 34.25%, the RSI 9-day stood at 57.15% on 23 November.

With respect to its five-day moving average, the current FirstCash Holdings Inc price is up by +4.33% percent or $3.90. At present, FCFS shares trade +8.66% above its 20-day simple moving average and +33.36% percent above its 100-day simple moving average. However, the stock is currently trading approximately +19.67% above its SMA50 and +27.76% above its SMA200.

Stochastic coefficient K was 69.92% and Stochastic coefficient D was 50.95%, while ATR was 2.94. Given the Stochastic reading of 65.25% for the 14-day period, the RSI (14) reading has been calculated as 58.55%. As of today, the MACD Oscillator reading stands at 2.44, while the 14-day reading stands at 1.63.

With a median target price of $101.00, the current consensus forecast for the stock is $88.00 – $115.00. Based on these forecasts, analysts predict FirstCash Holdings Inc (FCFS) will achieve an average price target of $99.86.


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