EZCORP, Inc. (NASDAQ: EZPW) shares fell in early trading today on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Meanwhile in early trading, the Dow Jones Industrial Average DJIA, +0.31% rose 24 points, or 0.1%, to 19,883, while the S&P 500 index ESH7, +0.13% dipped less than 1 point to 2,268. The Nasdaq Composite COMP, +0.02% which reached its fourth-straight record close on Tuesday, rose 1 point to 5,553.
Jefferies Group analysts reiterated its Hold rating on EZCORP, Inc. (NASDAQ: EZPW) in a note to investors, making it one of the more closely watched stocks on Wall Street. The company currently has a rating of Hold on the stock. The one-year price target of $12.00 is higher than the opening price of $10.60, that has caused a fair amount of other analysts to issue statements on the stock recently. Looking back over the last 52 weeks, EZCORP, Inc. stock has a high of $12.00. Share prices sometimes get a jump to the upside when analysts reiterate coverage.
Shares of EZCORP, Inc. (NASDAQ: EZPW) opened at $10.60 yesterday and traded in a range between, $10.45 and $10.60, and last traded at $10.55, which represents a drop of $0.10 from the previous closing price.
EZCORP, Inc. (NASDAQ: EZPW) currently has a market cap of 570.52M.
EZCORP, Inc. (NASDAQ: EZPW) Average Daily Trading Volume
7,651 shares traded hands yesterday, 25 percent lower than the norm, out of a total float 45,872,000. lower than normal. Look for trading volume to pick up in the coming days as momentum traders often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.
While increased trading for short periods will not mean much will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have substantial teams of analysts researching thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.
EZCORP, Inc. (NASDAQ: EZPW) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
With that in mind, EZCORP, Inc. (NASDAQ: EZPW) now has a 50-day MA of $11.04 and 200-day MA of $10.06. It has traded in a 52-week range between $2.44 – 12.00 and today’s last price is 12.08%% lower than the 52 week high of $12.00.
Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors look for companies that have increased their earnings by at least 25% over 3 consecutive years.
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