USA Technologies (USAT) : Traders are bullish on USA Technologies (USAT) as it has outperformed the S&P 500 by a wide margin of 8.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.27% in the last 1 week, and is up 8.2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.89% and the 50-Day Moving Average is 10.85%.The 200 Day SMA reached 33.27%
USA Technologies (NASDAQ:USAT): The stock opened in the green at $5.8 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $5.81 and a low of $5.55 for the day. The stock did not find buyers even at the lows and closed at $5.605 recording a loss of -2.52%. 619,934 shares exchanged hands during the trading day. The stock had closed at $5.605 in the previous days trading.
USA Technologies (USAT) : The highest level USA Technologies (USAT) is projected to reach is $7 for the short term and the lowest estimate is at $6. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $6.3 and the possibility the share price can swing is $0.67.
USA Technologies, Inc. provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other market segments, such as amusement, commercial laundry, kiosk and others. It has designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing its electronic payment solutions. The Company derives its revenues from license and transaction fees resulting from connections to, as well as services provided by, its ePort Connect service. Its customers range from global food service organizations to small businesses that operate in the self-serve and small ticket retail markets.