(NASDAQ: USAT) - USA Technologies, Inc.
1/3/14 close $1.85 61.87M market cap
33 mill shares
beta: 2.65
Description
USA Technologies, Inc. is a provider of technology-enabled solutions that facilitate electronic payment transactions and value-added services primarily within the unattended Point of Sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry. The Company has designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing its electronic payment solutions. The Company also manufactures and sells energy management products that reduce the electrical power consumption of equipment, such as refrigerated vending machines and glass front coolers. As of June 30, 2012, the Company had approximately 164,000 connections to its ePort Connect service.
(info from google finance ^^)
My price target : Longer term $10+
Short term : 2.50-3+
Pretty interesting company from what i read above. Now lets go to the technicals and why i believe this will be a great jan play + 2014 big mover.
The biggest move it has made was in 2011 also on the largest volume went from 1.08 to a high of 3.74 a little over 250% move in the first 4-5 months after that it sold off rest of the year right back to where the first move started and bounce again and since then the past 2 years hasnt really done much and volume has been light WEEKLY 4 year chart
Just a guess here that the run in 2011 may have been a "story" run. the past 2 years we havent had a 2 million+ vol green day. we didnt even have a few back to back 1+ mill vol days
if we can see 1 of those happen this year could be the start of a major trend shift to 5+.
We have earnings coming up on Jan 27 2014 (maybe 28) so this could be a spark to a big move that is brewing this year.
Currently the daily chart is pending breakout over 1.90 its game time.
Resistance points after that $2 then 2.20 and if volume its high enough its headed 2.50+ 52week high of 2.75 could get crossed easily if volume im looking for comes in
Weekly chart tighter range
Something will spark a move in this whether it be this company is undervalued or going to do something huge to get investors interest like $HIMX did in 2013 stock and volume exploded 500% cause company announced GOOGLE glass news
Take a look at chart
Disclaimer: I long shares of USAT and will trade in and out of it as i please.
Twitter follower here. SOLID tip there. Good lookin out.
ReplyDeleteGood call. Company will turn profitable in 2014.
ReplyDeleteThere is good growth in this whole business as youth has abandoned cash. Rising minimum wages will force more automation and vending. Healthier eating and larger ticket items are already invading the vending arena. USAT has been on the leading edge of technology for a while.
ReplyDeleteIn case it's not clear from the description its important to note that they are a "one stop shop" for vendors. They also process the credit cards and issue payment, this is a where recurring and increasing revenue will come from. They are ranked top 5 in the world for POS terminal shipments and recently signed a contract adding 50,000 more ePort connections in the next 5 years.
ReplyDelete