Encore Capital Group, Inc (NASDAQ:ECPG) price on Friday, March 21, rose 0.81% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $34.79.
A look at the stock’s price movement, the close in the last trading session was $34.51, moving within a range at $33.95 and $35.52. The beta value (5-Year monthly) was 1.733. Turning to its 52-week performance, $51.77 and $31.54 were the 52-week high and 52-week low respectively. Overall, ECPG moved -30.43% over the past month.
Encore Capital Group, Inc’s market cap currently stands at around $824.22 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 374.49M for the company’s revenue for the quarter, with a low and high estimate of 366.72M and 383.75M respectively. The average forecast suggests up to a 14.04% 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 to grow to 1.57B, representing a 19.25% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ECPG is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 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 0 analyst(s) rate the stock as a Hold, 2 recommend ECPG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ECPG’s current price about -5.76% and -21.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.47, while 7-day volatility ratio is 3.64% and 6.19% in the 30-day chart. Further, Encore Capital Group, Inc (ECPG) has a beta value of 1.59, and an average true range (ATR) of 1.93. Analysts have given the company’s stock an average 52-week price target of $58, forecast between a low of $58 and high of $58. Looking at the price targets, the low is -66.71% off current price level while to achieve the yearly target high, price needs to move -66.71%. Nonetheless, investors will most likely welcome a -66.71% jump to $58 which is the analysts’ median price.
If we refocus on Encore Capital Group, Inc (NASDAQ:ECPG), historical trading data shows that trading volumes averaged 0.34 over the past 10 days and 266.06K over the past 3 months. The company’s latest data on shares outstanding shows there are 23.69 million shares.
The 4.08% of Encore Capital Group, Inc’s shares are in the hands of company insiders while institutional holders own 112.02% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.47 million on 2025-02-28, giving us a short ratio of 5.21. The data shows that as of 2025-02-28 short interest in Encore Capital Group, Inc (ECPG) stood at 877.99996 of shares outstanding, with shares short rising to 1.41 million registered in 2025-01-31. Current price change has pushed the stock -27.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ECPG stock continues to rise going into the next quarter.
