CURO to 1.5 (+87%)It’s been more than 150 days since the high volumes. The POC is currently at 1.5878. The RSI has crossed 50 and its 20 SMA. The RRR is 1:3. The target price is set at 1.50, which is just below the current POC.
CURO trade ideas
CURO Breakout Stock Sell AlertBREAKOUT STOCK SELL ALERT
$CURO - CURO Group Holdings Corp. Common Stock
Initial Alert Price: $8.63
Price High: $20.81
% Gains/Losses: 141.14%
(+126.14% More Than Expected)
CURO topped out at $20.81 since our initial trade alert and consolidated back to the $13.50-$14.00 Price Levels. The stock looks like it could be completing the last steps of consolidation and profit-taking to take a shot at another breakout to hopefully then fall into continuation to make it's way back to retesting those $20.75 Price Levels. We can only wait and see from here, but for now, we will be closing this trade alert.
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CURO Positioned to Benefit from Katapult’s Merger with FSRVCURO Group Holdings Corp. Positioned to Benefit from Katapult’s Announced Merger with FinServ Acquisition Corp.
$900+ million Transaction Provides $365 million Total Consideration to CURO
Katapult Holding, Inc. ("Katapult"), a company approximately 40% owned by CURO and a leading provider of e-commerce point-of-sale ("POS") lease purchase options for non-prime US consumers, and FinServ Acquisition Corp. (Nasdaq: FSRV) ("FinServ"), a publicly traded special purpose acquisition company ("SPAC"), have entered into a definitive merger agreement.
The transaction values Katapult’s equity at $908 million, which includes an earnout of up to $75 million in the form of additional common shares in the new public company.
Based on CURO’s ownership in Katapult, the transaction announced today will provide consideration consisting of a combination of cash and stock in the new company to CURO of $365 million , which includes an earnout of up to $30 million in the form of additional common shares in the new public company.
To date, CURO has made a total cash investment in Katapult of $27.5 million.
Upon the closing of the transaction, CURO anticipates receiving cash of up to $125 million and maintaining an ownership stake of at least 21% of the fully-diluted shares of the new public company.
The transaction is expected to close during the first half of 2021 and remains subject to approval by FinServ stockholders and other customary closing conditions.
finance.yahoo.com
CURO Breakout Stock Alert UpdateBREAKOUT STOCK ALERT UPDATE
$CURO - CURO Group Holdings Corp. Common Stock
Initial Alert Price: $8.63
Price High: $16.21
% Gains/Losses: 87.83%
(87.68% More Than Expected)
Stop Loss Limit: $15.4
We're expecting a 1-Week Swing for CURO over the course of the next week to retest and breakthrough the $9.66 Levels of Resistance to begin testing the $10-$11 Price Ranges. EPS was 2X Estimates in Q3 and the company only missed $290K in sales, putting EPS up 121.30% YoY. This company will essentially be a Consumer Credit Rebound in the longer-term as vaccinations already in motion in the US and UK, which consist of 2 out of the 3 operating segments that CURO operates in. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
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CURO Breakout Stock AlertBREAKOUT STOCK ALERT
$CURO - CURO Group Holdings Corp. Common Stock
Initial Alert Price: $8.63
Potential Price: $9.91
Potential Gains: 15%
Stop Loss Limit: $8.2
We're expecting a 1-Week Swing for CURO over the course of the next week to retest and breakthrough the $9.66 Levels of Resistance to begin testing the $10-$11 Price Ranges. EPS was 2X Estimates in Q3 and the company only missed $290K in sales, putting EPS up 121.30% YoY. This company will essentially be a Consumer Credit Rebound in the longer-term as vaccinations already in motion in the US and UK, which consist of 2 out of the 3 operating segments that CURO operates in. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
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First-ever dividend on CURO is bullish long-termI'm uncertain what CURO will do tomorrow after its mixed earnings report, lowish sales guidance, and announcement of a share buyback and first-ever dividend. What I do believe is that the initiation of a dividend will be quite bullish for the stock in the medium-to-long-term. Stocks that initiate a dividend for the first time tend, over the next 6-12 months, to move toward a higher multiple than they've traded at in the past.
CURO currently trades at about 7.5 P/E and 3.5 forward P/E, according to data from Fidelity. Its PEG ratio is an extraordinarily low 0.3, making it one of the most undervalued stocks in the entire market. On CURO, I think it's reasonable to expect forward P/E to come up into the 10-15 range, at least, over the next year. That would require roughly tripling the share price from its current extremely undervalued level. The dividend yield, by the way, is a little over 2% at the current price, so you have that to look forward to as well. CURO's share buyback should also help boost the price, and then of course there's the expected 3.5%-10.5% growth of adjusted earnings next year.
All in all, I think the signs point toward a strong future for CURO, and I likely will add some January 1 calls to the shares I already own.
CURO About to BreakoutCURO looks like it is about to break out of bullish consolidation. Note increase in volume on Friday, September 21 as well as MACD cross-over. Note other times where this pattern occurred.
