LSAK Should I Buy
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Lesaka Technologies Inc (LSAK) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has shown significant revenue growth and profitability improvements, the technical indicators are neutral, and there are no strong proprietary trading signals or significant trading trends to suggest immediate upside potential. Additionally, the financials reveal some concerns with net income and EPS declines. Holding off for more clarity or stronger signals may be prudent.
The MACD is below 0 and negatively contracting, suggesting a weak momentum. RSI is neutral at 50.326, and moving averages are converging, indicating no clear trend. Key support is at 4.226, and resistance is at 4.692. The stock's technical indicators do not suggest a strong buy signal currently.
Approval of the merger with Bank Zero and consolidation under 'One Lesaka' brand. Q2 net revenue increased by 16% YoY, and adjusted EBITDA grew by 47%. Management reaffirmed strong full-year guidance.
Net income dropped to 0, a 100% decline YoY. EPS also dropped significantly by 110% YoY. Gross margin decreased by 6.46% YoY, indicating potential cost pressures.
In Q2 2026, revenue increased by 21.74% YoY to ZAR 178.734 million. However, net income dropped to 0 (-100% YoY), and EPS fell to 0.04 (-110% YoY). Gross margin declined to 23.76%, down 6.46% YoY.
No recent analyst rating or price target changes were provided. Wall Street sentiment is unclear, with no significant hedge fund or insider trading trends.
