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Monday, June 5, 2023

Momentum Is Strong For Euronet Worldwide Inc. (NASDAQ: EEFT)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Euronet Worldwide Inc. (EEFT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $107.95. The Euronet Worldwide Inc. has recorded 10,768 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Euronet Worldwide Reports First Quarter 2023 Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $107.95 and fluctuated between $110.18 as its day high and $107.86 as its day low. The current market capitalization of Euronet Worldwide Inc. is $5.30B. A total of 0.51 million shares were traded on the day, compared to an average of 309.09K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, EEFT has seen 7 BUY and 5 SELL insider trades, representing the acquisition of 56,141 and the disposition of 11,609 shares. Over the last 12 months, there were 17 BUYs and 14 SELLs from insiders. Insiders purchased 221,398 shares during that period but sold 52,991.

In the most recent transaction, Fountas Nikos sold 4,280 shares of EEFT for 103.06 per share on Mar 10. After the transaction, the CEO, EFT EMEA Division now owns 31,529 company shares. In a previous transaction on Nov 18, Brown Michael J sold 15,689 shares at 89.87 per share. EEFT shares that CEO & President owns now total 1,467,763.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for EEFT in the last 3 months, the mean price target is $124.27 with high estimates of $140.00 and low estimates of $104.00. In terms of 52-week highs and lows, EEFT has a high of $124.80 and a low of $71.60.

As of this writing, EEFT has an earnings estimate of $0.85 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.88 per share and a lower estimate of $0.84. The company reported an EPS of $2.74 in the last quarter, which was 8.70% higher than expectations of $2.52.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. EEFT’s latest balance sheet shows that the firm has $1.80B in Cash & Short Term Investments as of fiscal 2021. There were $1.59B in debt and $1.85B in liabilities at the time. Its Book Value Per Share was $25.06, while its Total Shareholder’s Equity was $1.26B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EEFT is Hold with a score of 4.22. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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