Which company’s share price has outperformed the other?
The post How has the EML (ASX:EML) share price been performing compared to Tyro? appeared first on The Motley Fool Australia. –
Since the start of the year, EML shares have tumbled around 7% while Tyro shares have soared above 20%.
This is despite the EML share price adding 3.46% during yesterday’s market close, finishing at $3.89.
Let’s take a look at the comparison between the two companies.
Compare the pair
While broader market volatility has played a part this year, the EML share price has suffered particularly in September.
In fact, the payments company’s shares have fallen around 5% last month, while Tyro has gained 5%.
EML updated the market on Thursday, advising it has completed the acquisition of leading European payments provider, Sentenial. However, while the formal procurement was nothing unexpected, the company has been generally quiet since its full-year results in mid-August.
On the other hand, Tyro has also been silent on the news front, only reporting its usual weekly trading update. Although during late August, two brokers weighed in on the company’s share price.
Analysts at Macquarie raised their price target for Tyro shares by 7.1% to $3.75. Investment firm, JPMorgan followed suit but cut its rating by 6.7% to $4.20. Based on the current share price of $3.89, this implies an upside of 7.4%.
It is worth noting though, EML shares did strongly rise throughout the year, before plummeting 45% in May. Regulatory concerns over the company’s anti-money laundering financing compliance from the Central Bank of Ireland led investors to flee.
Since then, its shares have slowly been ticking upwards, but are well down from April 2021 levels. A complete contrast to Tyro shares which have moved higher throughout the year.
About the EML share price
When zooming out to share price performance over a 1 year period, EML shares have in fact travelled 35% higher. At current, the share price sits in the middle of its 52-week range of $2.47 to $5.89.
On valuation grounds, EML commands a market capitalisation of roughly $1.45 billion and has approximately 373 million shares on issue.
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended EML Payments and Tyro Payments. The Motley Fool Australia owns shares of and has recommended EML Payments. The Motley Fool Australia has recommended Tyro Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.