As of Friday close, Euronet Worldwide Inc.’s (NASDAQ:EEFT) stock was up $0.23, moving up 0.28 percent to $83.57. The average number of shares traded per day over the past five days has been 495,740 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.16 fall in that time frame. In the last twenty days, the average volume was 793,195, while in the previous 50 days, it was 490,206.
Since last month, EEFT stock retreated -28.63%. Shares of the company fell to $82.09 on 08/18/23, the lowest level in the past month. A 52-week high of $121.55 was reached on 05/22/23 after having rallying from a 52-week low of $71.60. Since the beginning of this year, EEFT’s stock price has dropped by -11.45% or -$10.81, and marked a new high 17 times. However, the stock has declined by -31.25% since its 52-week high.
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EEFT stock investors should be aware that Euronet Worldwide Inc. (EEFT) stock had its last reported insider trading activity 89 days ago on May 22. Brown Michael J, the CEO & President of the company, disposed of 50,000 shares for $120.69 on May 22. It resulted in a $6,034,565 divestment by the insider. Fountas Nikos sold 4,280 shares at an average price of $103.06 on Mar 10. The insider now owns 31,529 shares following the transaction. On Nov 18, CEO & President Brown Michael J sold 15,689 shares at $89.87 apiece. The transaction was valued at $1,409,970.
Valuation Metrics
Right now, Euronet Worldwide Inc. (EEFT) has a P/E ratio of about 16.25. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 1.19, the price-to-book (PB) ratio of 3.00, and the price-to-cash flow ratio of 6.09 may also be considered.
Financial Health
In the three months ended June 29, Euronet Worldwide Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, 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 0.95, and the total debt-to-equity ratio was 1.27. On the profitability front, the trailing twelve-month gross margin is 40.10% percent. In the year ended June 29, EBITDA margin amounted to 15.52%, whereas operating margins totaled 11.80%. Based on annual data, EEFT earned $1.34 billion in gross profit and brought in $3.36 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 10.30%. Return on equity (ROE) for the past 12 months was 22.10%.
In Euronet Worldwide Inc.’s quarter-end financial report for June 29, it reported total debt of $1.31 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Euronet Worldwide Inc. to report $2.01 quarterly earnings, the actual figure was $2.03 per share, beating the consensus estimate by 1.00%. During the quarter, the company generated $157.3 million in EBITDA. The liabilities of Euronet Worldwide Inc. were 3.84 billion at the end of its most recent quarter ended June 29, and its total debt was $1.91 billion. The value of shareholders’ equity is $49.66 million.
Technical Picture
This quick technical analysis looks at Euronet Worldwide Inc.’s (EEFT) price momentum. With a historical volatility rate of 9.23%, the RSI 9-day stood at 15.45% on 18 August.
With respect to its five-day moving average, the current Euronet Worldwide Inc. price is down by -1.37% percent or -$1.16. At present, EEFT shares trade -28.29% below its 20-day simple moving average and -23.74% percent below its 100-day simple moving average. However, the stock is currently trading approximately -27.04% below its SMA50 and -0.52% below its SMA200.
Stochastic coefficient K was 13.75% and Stochastic coefficient D was 10.06%, while ATR was 2.05. Given the Stochastic reading of 23.68% for the 14-day period, the RSI (14) reading has been calculated as 18.82%. As of today, the MACD Oscillator reading stands at -0.90, while the 14-day reading stands at -1.62.
Analyst Ratings
Euronet Worldwide Inc. downgraded its rating on Euronet Worldwide Inc. (NASDAQ: EEFT) to a Neutral in a note to investors on January 23, 2023. The analysts firm previously had a Buy rating on the stock.Euronet Worldwide Inc. (EEFT) has been rated Overweight by analysts. According to 2 brokerage firms, EEFT is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Euronet Worldwide Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $112.00, the current consensus forecast for the stock is $85.00 – $135.00. Based on these forecasts, analysts predict Euronet Worldwide Inc. (EEFT) will achieve an average price target of $111.73.
