Market Runner: What Next for EZCORP Inc Stock After Reaching 52-Week High?

Market Runner: What Next for EZCORP Inc Stock After Reaching 52 Week High?

The stock of EZCORP Inc (NASDAQ:EZPW) hit a new 52-week high and has $14.61 target or 32.00% above today’s $11.07 share price. The 6 months bullish chart indicates low risk for the $600.53 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $14.61 price target is reached, the company will be worth $192.17M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 226,188 shares traded hands. EZCORP Inc (NASDAQ:EZPW) has risen 168.77% since April 15, 2016 and is uptrending. It has outperformed by 164.14% the S&P500.

Analysts await EZCORP Inc (NASDAQ:EZPW) to report earnings on December, 29. They expect $0.06 earnings per share, up 128.57% or $0.27 from last year’s $-0.21 per share. EZPW’s profit will be $3.25 million for 46.13 P/E if the $0.06 EPS becomes a reality. After $0.05 actual earnings per share reported by EZCORP Inc for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

According to Zacks Investment Research, “Ezcorp Inc. is engaged in establishing, acquiring, and operating pawnshops which function as convenient sources of consumer credit and as value-oriented specialty retailers of primarily previously owned merchandise. Through its lending function, the company makes relatively small, non-recourse loans secured by pledges of tangible personal property. The company contracts for a pawn service charge to compensate it for each pawn loan.”

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.02, from 0.97 in 2016Q1. The ratio dived, as 17 funds sold all EZCORP Inc shares owned while 46 reduced positions. 25 funds bought stakes while 35 increased positions. They now own 38.51 million shares or 0.65% more from 38.27 million shares in 2016Q1.
Brandes Investment Prtnrs Lp accumulated 15,150 shares or 0% of the stock. State Of Tennessee Treasury Department last reported 39,019 shares in the company. Nomura Holdings has 365,587 shares for 0.01% of their US portfolio. State Common Retirement Fund holds 47,300 shares or 0% of its portfolio. Bogle Invest Mngmt L P De reported 275,201 shares or 0.14% of all its holdings. Blackrock Institutional Trust Communication Na holds 0% of its portfolio in EZCORP Inc (NASDAQ:EZPW) for 1.40M shares. Capstone Asset Mngmt holds 0.01% of its portfolio in EZCORP Inc (NASDAQ:EZPW) for 58,143 shares. The California-based Blackrock Fund has invested 0.01% in EZCORP Inc (NASDAQ:EZPW). Texas Permanent School Fund has invested 0% of its portfolio in EZCORP Inc (NASDAQ:EZPW). Jefferies Group Ltd Liability holds 0% of its portfolio in EZCORP Inc (NASDAQ:EZPW) for 16,952 shares. State Teachers Retirement Sys has 0% invested in the company for 76,399 shares. The Iowa-based Principal Fincl Inc has invested 0% in EZCORP Inc (NASDAQ:EZPW). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt last reported 30,600 shares in the company. Pnc Financial Ser Group has 390 shares for 0% of their US portfolio. Schwab Charles Inv Management last reported 0.01% of its portfolio in the stock.

More news for EZCORP Inc (NASDAQ:EZPW) were recently published by: Fool.com, which released: “Why EZCORP Inc. Stock is Rocketing Today” on May 10, 2016. Bizjournals.com‘s article titled: “EZCorp settles federal payday lending complaint” and published on December 16, 2015 is yet another important article.

EZPW Company Profile

EZCORP, Inc., incorporated on May 18, 1989, provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Firm operates through four divisions: U.S. Pawn, which includes its EZPAWN, value pawn and jewelry, and other branded pawn activities in the United States; Mexico Pawn, which includes its Empeno Facil pawn activities and cash converters buy/sell store activities in Mexico; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan activities in Mexico, and Other International, which includes its CASHMAX financial services activities in Canada and its equity interest in Cash Converters International. It offers pawn loans, which are non-recourse loans, collateralized by tangible property, and it sells merchandise, primarily collateral forfeited from pawn lending activities and used merchandise purchased from clients at its pawn stores.

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