Last Updated: 19 Sep 2024
Executive Summary
CoreCard Corp (CCRD) is a technology solutions provider for the financial services industry. The company's latest stock price is $15.63, with a market capitalization of $125.42 million. CoreCard has a strong financial performance, with revenue growth and profitability. The company's fundamentals are solid, and its technical analysis indicates a bullish trend. Analysts have a positive outlook on CoreCard, with a consensus recommendation of "Buy."
Company Overview
CoreCard Corp is a leading provider of technology solutions and processing services to the financial technology and services market. The company's products and services include credit and debit card processing, mobile banking, and fraud prevention. CoreCard has a strong customer base, including major banks and credit unions.
Fundamental Analysis
CoreCard's financial performance has been strong in recent years. The company's revenue has grown at a compound annual growth rate (CAGR) of 15% over the past five years. CoreCard's profitability has also improved, with its net income margin increasing from 5% in 2017 to 10% in 2022.
The company's fundamentals are solid. CoreCard has a strong balance sheet, with low debt and high cash flow. The company's earnings per share (EPS) is expected to grow by 15% in 2023.
Technical Analysis
CoreCard's technical analysis indicates a bullish trend. The company's stock price has been trending higher in recent months, and it is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is also above 50, which indicates that the stock is overbought.
Short Term Outlook
In the short term, CoreCard's stock price is expected to continue to trend higher. The company's strong fundamentals and positive technical analysis support this view. However, the stock is overbought, so there may be a pullback in the near term.
Long Term Outlook
In the long term, CoreCard's stock price is expected to continue to grow. The company's strong financial performance and positive industry outlook support this view. CoreCard is a well-positioned company in a growing market, and it is expected to continue to benefit from the increasing demand for technology solutions in the financial services industry.
Analyst Recommendations
Analysts have a positive outlook on CoreCard. The consensus recommendation is "Buy," with a target price of $19.00. This target price represents a potential upside of 21% from the current stock price.
