CURO Group Holdings Corp. (NYSE: CURO) stock jumped 2.86% on Tuesday to $1.08 against a previous-day closing price of $1.05. With 0.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.14 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $1.2000 whereas the lowest price it dropped to was $1.0500. The 52-week range on CURO shows that it touched its highest point at $8.83 and its lowest point at $1.03 during that stretch. It currently has a 1-year price target of $3.23. With its current market cap of 47.52 million, CURO has annualized dividend of $0.44 while the current yield stands at 40.74%. Beta for the stock currently stands at 2.65.
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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 CURO was down-trending over the past week, with a drop of -16.92%, but this was down by -34.15% over a month. Three-month performance dropped to -71.12% while six-month performance fell -65.16%. The stock lost -86.89% in the past year, while it has lost -69.58% so far this year. A look at the trailing 12-month EPS for CURO yields -6.01 with Next year EPS estimates of 0.44. For the next quarter, that number is -0.53. This implies an EPS growth rate of -433.60% for this year and 118.60% for next year. EPS is expected to grow by 30.68% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -42.40%.
Float and Shares Shorts:
At present, 40.78 million CURO shares are outstanding with a float of 21.37 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.34 million, which was 3.28% higher than short shares on Mar 30, 2023. In addition to Mr. Douglas D. Clark as the firm’s CEO & Director, Mr. Daniel David Kirsche serves as its Exec. VP & Chief Technology Officer.
Through their ownership of 36.17% of CURO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.52% of CURO, in contrast to 55.20% held by mutual funds. Shares owned by individuals account for 25.35%. As the largest shareholder in CURO with 9.67% of the stake, OCO Capital Partners LP holds 3,950,000 shares worth 3,950,000. A second-largest stockholder of CURO, Empyrean Capital Partners LP, holds 1,900,000 shares, controlling over 4.65% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CURO, holding 1,196,582 shares or 2.93% stake. With a 1.80% stake in CURO, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 735,347 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.09% of CURO stock, is the second-largest Mutual Fund holder. It holds 442,950 shares valued at 0.71 million. Vanguard Extended Market Index Fu holds 0.70% of the stake in CURO, owning 286,087 shares worth 0.46 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CURO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CURO analysts setting a high price target of $4.00 and a low target of $2.70, the average target price over the next 12 months is $3.23. Based on these targets, CURO could surge 270.37% to reach the target high and rise by 150.0% to reach the target low. Reaching the average price target will result in a growth of 199.07% 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.