Shift4 Payments Inc. (NYSE:FOUR) price on Friday, March 17, fall -2.86% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $67.14.
A look at the stock’s price movement, the close in the last trading session was $69.12, moving within a range at $66.64 and $69.62. The beta value (5-Year monthly) was 1.22 while the PE ratio in trailing twelve months stood at 73.94. Turning to its 52-week performance, $73.62 and $29.39 were the 52-week high and 52-week low respectively. Overall, FOUR moved 0.27% over the past month.
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Shift4 Payments Inc.’s market cap currently stands at around $5.58 billion, with investors looking forward to this quarter’s earnings report slated for May 03, 2023 – May 08, 2023. Analysts project the company’s earnings per share (EPS) to be $0.38, which has seen fiscal year 2022 EPS growth forecast to increase to $1.31 and about $1.94 for fiscal year 2023. Per the data, EPS growth is expected to be 204.70% for 2023 and 48.10% for the next financial year.
Analysts have a consensus estimate of $545.62 million for the company’s revenue for the quarter, with a low and high estimate of $522 million and $618.9 million respectively. The average forecast suggests up to a 36.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $2 billion, representing a 46.40% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that FOUR is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
18 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 13 recommend FOUR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 0.93, with FOUR’s current price about 3.15% and 5.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.90, while 7-day volatility ratio is 4.30% and 5.35% in the 30-day chart. Further, Shift4 Payments Inc. (FOUR) has a beta value of 0, and an average true range (ATR) of 3.51. Analysts have given the company’s stock an average 52-week price target of $75.94, forecast between a low of $35.00 and high of $97.00. Looking at the price targets, the low is 47.87% off current price level while to achieve the yearly target high, price needs to move -44.47%. Nonetheless, investors will most likely welcome a -16.18% jump to $78.00 which is the analysts’ median price.
In the market, a comparison of Shift4 Payments Inc. (FOUR) and its peers suggest the former has performed considerably weaker. Data shows FOUR’s intraday price has changed -2.86% in last session and 19.57% over the past year. Comparatively, JPMorgan Chase & Co. (JPM) has moved -3.78% on the day and only -9.10% in the past 12 months. Looking at another peer, we see that U.S. Bancorp (USB) price has dipped -9.38% on the day. However, the stock is -41.45% off its price a year ago. Moreover, Fiserv Inc. (FISV) is also down -1.21% in trading on the day while keeping a an uptrend of 10.04% over the past year. If we look at the PE ratio, we find that Shift4 Payments Inc.’s ratio stands at 73.94 compared to JPMorgan Chase & Co.’s 10.41 and U.S. Bancorp’s 8.92. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.
If we refocus on Shift4 Payments Inc. (NYSE:FOUR), historical trading data shows that trading volumes averaged 1.47 million over the past 10 days and 1.27 million over the past 3 months. The company’s latest data on shares outstanding shows there are 84.10 million shares.
The 1.40% of Shift4 Payments Inc.’s shares are in the hands of company insiders. Also important is the data on short interest which shows that short shares stood at 10.19 million on Jan 30, 2023, giving us a short ratio of 8.62. The data shows that as of Jan 30, 2023 short interest in Shift4 Payments Inc. (FOUR) stood at 17.99% of shares outstanding, with shares short falling to 10.73 million registered in Dec 29, 2022. Current price change has pushed the stock 20.04% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FOUR stock continues to rise going into the next quarter.
