FirstCash traded at $172.75 this Friday October 23rd, decreasing $12.03 or 6.51 percent since the previous trading session. Looking back, over the last four weeks, FirstCash lost 20.17 percent. Over the last 12 months, its price rose by 12.08 percent. Looking ahead, we forecast FirstCash to be priced at 169.09 by the end of this quarter and at 158.56 in one year, according to Trading Economics global macro models projections and analysts expectations.
FirstCash, Inc. is an operator of pawn stores, which helps customers meet small short-term cash needs by providing non-recourse pawn loans and buying merchandise directly from customers. The Company operates through two segments: The United States operations and Latin America operations. The Company’s stores make pawn loans, which are typically small, secured loans, to its customers in order to help them meet instant cash needs. All pawn loans are collateralized by personal property such as jewelry, electronics, tools, appliances, sporting goods, and musical instruments. Its pawn merchandise sales are primarily retail sales to the general public from its pawn store locations. The items sold generally consists of pre-owned consumer products such as jewelry, electronics, tools, appliances, sporting goods and musical instruments. The Company also melts certain quantities of non-retailable scrap jewelry and sells the gold, silver, and diamonds in the commodity markets.