The EML Payments (ASX:EML) share price surges 5% today

Shares in the payment card technology provider are on the up.

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The EML Payments (ASX: EML) share price is trading in the green today, extending the previous 5 trading sessions’ gains.

At the time of writing, the EML share price is ~5% in the green, reaching an intraday high of $3.80 before retracing to the current price of $3.73.

Let’s take a closer look at shares in the payment card technology company.

What’s happened to the EML share price lately?

There have been no company-specific or market sensitive announcements to impact the company’s share price today.

Nonetheless, EML shares remain in the money, outpacing the S&P/ASX 200 Index (ASX: XJO)’s return of 0.22% intraday.

The company’s share price has had a volatile year-to-date. It’s slipped ~11% into the red since January 1 behind the S&P/ASX 200 Index’s return of 9.7% over the same period.

Recent volatility

During the previous 12 months, EML shares have gained 1.6% versus the Index’s 21.6% at the time of writing.

Recent volatility in EML shares comes after concerns raised by the Central Bank of Ireland on EML’s Prepaid Financial Services card services segment, citing issues with anti-money laundering and counter-terrorism compliance.

EML shares took a 42% nosedive immediately following this event and haven’t fully recovered since. However, these recent gains put the share price closer to its previous highs.

The company also released its 3rd quarter trading update in June, demonstrating that sequential revenue had expanded 65% to $143.5 million.

The company also posted earnings before interest, tax, depreciation and amortisation (EBITDA) of ~$44 million, a 62% advancement.

Volatility has crept in following both of these events and the 52-week range for EML shares is $2.47 – $5.89, a 138% spread.

EML share price snapshot

The EML share price has begun its walk northwards. Over the previous 1 month, EML shares have posted a return of 11%, reclaiming some of the returns given away after the loss in May.

The company’s shares are also in the green by 4% after the previous 5 trading sessions, continuing the gains seen over the last month.

At the current share price of $3.73, EML has a market capitalisation of $1.3 billion. EML does not pay a dividend and has negative earnings per share.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended EML Payments. The Motley Fool Australia owns shares of and has recommended EML Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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