Nowadays , almost everybody is talking and probably using fintech solutions, especially in the smart payments sector. Such a name with great potential came up to our quantitative model’s attention, which is based on fundamental factors , SEC filings + analyst reports sentiment analysis, as well as price action based technical factors.
Evo Payments (EVOP) is a US based company with a market cap of 2.6 Billion USD and a very considerable & fast evolving client base in the US & abroad. The filings and analyst & hedge fund reports give a very positive sentiment towards the stock and the funds’s interest has been growing steady and nicely.
It’s a July 2018 IPO, now at 31.53 that popped up in our model’s screen and gives us a probability of >71% to surpass 40 USD the next 6 months.
Taking into account its volatility we would start building a position for the next months. Potentially it may become a multi-bagger holding in our portfolio.
The Mobile App Indices&Commodities Trading Signals(you can verify it at our mobile app easily)
May 2019 – June 2019 – 2 months period
Total trades : 30
Win rate: 83.3% (25/30 win)
Average win: +0.34%
Average loss: -1.082%
Profit per Trade Expected Value: +0.1% per trade
Biggest Loss : -1.42%
Total Performance : 3.09% (Leverage 1:1)
Annualized Performance : 20%
Last week for FX mobile trading signals
Trading period: 25/6 – 28/6
Total trades: 30
Profitable trades: 25
Win rate: 83.33%
Net profit: 138.5 pips (=1.3% performance in a 1:1 leverage strategy per position opened)