EEFT Stock Summary and Trading Ideas (Euronet Worldwide | NASDAQ:EEFT)

Euronet Worldwide Inc is a provider of electronic financial transaction solutions. The company operates an independent network of ATMs in Europe, along with a network for prepaid products such as mobile top-ups, and processes point-of-sale transactions. It operates in three segment EFT Processing Segment, epay Segment, and Money Transfer Segment. Its segment revenue comes from by operating income, electronical financial transaction processing, mainly generates revenue from monthly ATM management fees and currency conversion transactions. It generates the majority if its geographic revenue from the United States of America.

Euronet Worldwide trades on the NASDAQ stock market under the symbol EEFT.

As of May 8, 2024, EEFT stock price climbed to $112.59 with 290,197 million shares trading.

EEFT has a beta of 0.64, meaning it tends to be less sensitive to market movements. EEFT has a correlation of 0.04 to the broad based SPY ETF.

EEFT has a market cap of $5.16 billion. This is considered a Mid Cap stock.

Last quarter Euronet Worldwide reported $857 million in Revenue and $1.28 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.24.

In the last 3 years, EEFT stock traded as high as $159.32 and as low as $71.60.

The top ETF exchange traded funds that EEFT belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.

EEFT stock has underperformed the market in the last year with a return of +2.1%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EEFT shares. However, EEFT has outperformed the market in the last 3 month and 2 week periods, returning +8.7% and +6.4%, while SPY returned +4.2% and +2.3%, respectively. This indicates EEFT has been having a stronger performance recently.

EEFT support price is $110.14 and resistance is $114.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EEFT stock will trade within this expected range on the day.