USA Technologies Inc (USAT)

[FUNMAN]

TIME MAY BE RUNNING OUT FOR THOSE BETTING AGAINST USA TECHNOLOGIES, INC. (USAT), WELLTOWER INC. (WELL)

By Daisy Galbraith - May 24, 2019


https://gvtimes.com/2019/05/24/time-may-be-running-out-for-those-betting-against-usa-technologies-inc-usat-welltower-inc-well/


The price of USA Technologies, Inc. (NASDAQ:USAT) went up by $0.03 now trading at $7.21. Their shares witnessed a 126.02% increase from the 52-week low price of $3.19 they recorded on 2019-02-07. Even though it is still -133.43% behind the $16.83 high touched on 2018-08-29. The last few days have been good for the stock, as its price has grew by 19.37% during the week. It has also performed better over the past three months, as it added around 75% while it has so far retreated around -38.9% during the course of a year. The stock of USAT recorded 85.35% uptrend from the beginning of this year till date. The 12-month potential price target for USA Technologies, Inc. is set at $7.75. This target means that the stock has an upside potential to increase by 7.49% from the current trading price.


15 institutions entered new USA Technologies, Inc. (NASDAQ:USAT) positions, 51 added to their existing positions in these shares, 77 lowered their positions, and 40 exited their positions entirely.


USA Technologies, Inc. (USAT) trade volume has increased by 54.69% as around 1,543,328 shares were sold when compared with its 50-day average volume of traded shares which is 997,672. At the moment, USAT is witnessing a uptrend, as it is trading 22.38% above its 20-day SMA, 43.25% above its 50-day SMA, and 8.77% above its 200-day SMA. The company runs an ROE of roughly 0%, with financial analysts predicting that their earnings per share growth will be around 25% per annum for the next five year. This will be compared to the 0% decrease witnessed over the past five years.



The first technical resistance point for USA Technologies, Inc. (NASDAQ:USAT) will likely come at $7.44, marking a 3.09% premium to the current level. The second resistance point is at $7.68, about 6.12% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $6.8, the lower end of the range. USAT’s 14-day MACD is 0.94 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 80.47, which shows that its stock has been overbought. The 20-day historical volatility for the stock stands at 60.83 percent, which is high when compared to that of the 50-day’s 48.72 percent.