Euronet Worldwide Inc. (EEFT): Why its showing bull behavior?

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Euronet Worldwide Inc. (NASDAQ:EEFT) changes shares on Tuesday trading session, with a change of 2.00% or $1.94 shares. The trading starts at $97.34 and closed at $97.24 throughout the day. The trading session low price was $95.65 and day high was $99.64 on Tuesday, August 04. After the session, the Technology sector daily volume shifted to 0.37 million while its average volume is 596.57K. In other hand, the EEFT market cap reached to $5.26B. While, its current target price is $122.89.

On May 7, 2018, BRIEF-Euronet Acquires Easycash And Expands Presence In Ireland. According to the news reported on Reuters, * EURONET WORLDWIDE INC – ANNOUNCES ACQUISITION OF ABOUT 400 EASYCASH BRANDED ATMS IN IRELAND, FROM ULSTER BANK

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.67% and down -0.10% for month. Its quarterly performance was 11.65% above, while its half year performance is down -37.43%. EEFT yearly performance stood at negative -32.51% and fall -37.05% for year-to-date. Current recommendation for Euronet Worldwide Inc. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. EEFT EPS (TTM) for 12-month is 1.76. EPS for this year is 44.80%, while for the next year its value is 5.61. Sales growth for the current quarter is 3.75 while its EPS Q/Q reached -94.30%. It has an EPS of 25.40% up for past five years and for the next five years will be up 15.00%.

Let’s take a look on the analyst recommendations on EEFT for the current month and previous month. For the current month, 8 of 10 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 9 analysts participate in stock recommendation. Out of 9, 0 rated it sell, 8 rated it as Buy and 1 as Hold Ratings. On the other hand, target price ranges from $107.00 – $145.00. Average target price for EEFT was reached at $122.89.

Vanguard Group, Inc. (The), Janus Henderson Group PLC and Wasatch Advisors Inc are the top three holders in Euronet Worldwide Inc. (EEFT) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 5.13 million shares which valued 439.42 million. On Mar 30, 2020, Janus Henderson Group PLC owned 3.23 million shares which valued at 277.0 million. On Mar 30, 2020, Wasatch Advisors Inc has a total of 2.53 million shares which valued at 216.9 million. In the end, Wasatch Advisors Inc have 4.85% shares outstanding of Euronet Worldwide Inc. (EEFT) on Mar 30, 2020. The insider ownership moved to 3.40% and institutional holding shifted to 98.40%.

The company posted an EPS (TTM) of 1.76. According to the most recent quarter report on (Sep 2020), 9 analysts estimated an average EPS of 0.5, while 2.84 EPS posted a year ago period. Analyst Estimated EPS for EEFT published in the report was $0.34 – $0.61 during the same period. Comparing with last year, the average estimated EPS was 2.84 which is higher than 0.04 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for EEFT fall -17.94% for period of 200 days. SMA for 50 days was -0.33% which is showing red signal, while SMA-20 was 1.90%. The moving average value for Euronet Worldwide Inc. (EEFT) is 1.29M and 1.72% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in EEFT stock. On Mar 11, STRANDJORD M JEANNINE, Director, bought 2,000 trading shares at the cost of $100.13, which valued at 0.2 million. On Feb 28, NEWMAN JEFFREY B, Exec VP and General Counsel, sold 5,000 shares at the cost of $124.20, with total shares of 6,981. On Feb 19, NEWMAN JEFFREY B, Exec VP and General Counsel, sold 7,000 shares at the cost of 145.76. After this transaction, NEWMAN JEFFREY B total shares reached to 11,981 which valued at 1.02 million.