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Tuesday, December 5, 2023

Euronet Worldwide Inc (NASDAQ: EEFT) May Be Attracting Institutional Investments

After Hours

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. After-hours trades for Euronet Worldwide Inc (EEFT) shows that investor sentiment remained same, with the stock’s consolidated last price to $87.48. The Euronet Worldwide Inc has recorded 31,496 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Euronet Partners with Banco Pichincha to Modernize Card Processing and Issuing in Ecuador.

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Stocks Info

Euronet Worldwide Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $87.48 and fluctuated between $88.24 as its day high and $84.54 as its day low. The current market capitalization of Euronet Worldwide Inc is $4.03B. A total of 0.76 million shares were traded on the day, compared to an average of 476.99K shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, EEFT has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,000 shares. Over the last 12 months, there were 16 BUYs and 16 SELLs from insiders. Insiders purchased 195,317 shares during that period but sold 79,534.

In the most recent transaction, Brown Michael J sold 50,000 shares of EEFT for 120.69 per share on May 22. After the transaction, the CEO & President now owns 1,487,361 company shares. In a previous transaction on Mar 10, Fountas Nikos sold 4,280 shares at 103.06 per share. EEFT shares that CEO, EFT EMEA Division owns now total 31,529.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for EEFT in the last 3 months, the mean price target is $99.90 with high estimates of $118.00 and low estimates of $84.00. In terms of 52-week highs and lows, EEFT has a high of $121.55 and a low of $73.84.

As of this writing, EEFT has an earnings estimate of $1.76 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.8 per share and a lower estimate of $1.75. The company reported an EPS of $2.03 in the last quarter, which was 1.00% higher than expectations of $2.01.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $24.76, while its Total Shareholder’s Equity was $1.26B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.22.

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