Ebix Inc Is a Contrarian Global Fintech Stock With Great Upside
I was searching my screen of small-cap technology stocks that are well off their highs, and Ebix Inc (NASDAQ:EBIX) is one that surfaced. While up 19.9% this year, this stock is off 43% from its August high of $89.10.
On its face, this financial technology (fintech) play appears to be fundamentally sound, with strong revenues and profitability. The market concern, however, is that Ebix changed its auditor in October and there have been whispers of accounting discrepancies.
Prior to the auditor change, EBIX stock was trading around $72.00, which is about 42% higher than the current price. So, if.
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I was searching my screen of small-cap technology stocks that are well off their highs, and Ebix Inc (NASDAQ:EBIX) is one that surfaced. While up 19.9% this year, this stock is off 43% from its August high of $89.10.
On its face, this financial technology (fintech) play appears to be fundamentally sound, with strong revenues and profitability. The market concern, however, is that Ebix changed its auditor in October and there have been whispers of accounting discrepancies.
Prior to the auditor change, EBIX stock was trading around $72.00, which is about 42% higher than the current price. So, if.
Den vollständigen Artikel lesen ...