EZCORP Inc. (NASDAQ: EZPW) stock jumped 1.71% on Tuesday to $10.09 against a previous-day closing price of $9.92. With 0.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.4 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $10.27 whereas the lowest price it dropped to was $9.76. The 52-week range on EZPW shows that it touched its highest point at $10.02 and its lowest point at $5.51 during that stretch. It currently has a 1-year price target of $12.33. Beta for the stock currently stands at 1.11.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EZPW was up-trending over the past week, with a rise of 2.44%, but this was up by 17.46% over a month. Three-month performance surged to 10.15% while six-month performance rose 39.36%. The stock gained 24.41% in the past year, while it has gained 36.91% so far this year. EPS is expected to grow by 35.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.10%.
Float and Shares Shorts:
At present, 56.60 million EZPW shares are outstanding with a float of 49.15 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.26 million, which was 7.51% higher than short shares on Sep 14, 2022. In addition to Mr. Phillip Ean Cohen B.Com., M.B.A. as the firm’s Exec. Chairman, Mr. Lachlan P. Given BBus serves as its CEO, Director & Chief Strategy, M&A and Funding Officer.
Through their ownership of 94.38% of EZPW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.99% of EZPW, in contrast to 44.97% held by mutual funds. Shares owned by individuals account for 12.03%. As the largest shareholder in EZPW with 15.17% of the stake, BlackRock Fund Advisors holds 8,144,152 shares worth 8,144,152. A second-largest stockholder of EZPW, Dimensional Fund Advisors LP, holds 4,049,141 shares, controlling over 7.54% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in EZPW, holding 3,472,628 shares or 6.47% stake. With a 7.48% stake in EZPW, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,017,478 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.03% of EZPW stock, is the second-largest Mutual Fund holder. It holds 1,624,375 shares valued at 15.69 million. DFA US Small Cap Value Portfolio holds 2.23% of the stake in EZPW, owning 1,198,472 shares worth 11.58 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EZPW since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EZPW analysts setting a high price target of $13.00 and a low target of $12.00, the average target price over the next 12 months is $12.33. Based on these targets, EZPW could surge 28.84% to reach the target high and rise by 18.93% to reach the target low. Reaching the average price target will result in a growth of 22.2% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. EZPW will report FY 2023 earnings on 11/15/2023. Analysts have provided yearly estimates in a range of $0.81 being high and $0.69 being low. For EZPW, this leads to a yearly average estimate of $0.74. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. EZCORP Inc. surprised analysts by $0.06 when it reported $0.15 EPS against a consensus estimate of $0.09. The surprise factor in the prior quarter was $0.11. Based on analyst estimates, the high estimate for the next quarter is $0.25 and the low estimate is $0.19. The average estimate for the next quarter is thus $0.21.
Summary of Insider Activity:
Insiders traded EZPW stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 2,412 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 132,450 while 2,412 shares were sold.