Alpha FX Group Plc Share Price Forecast September 2021 – Time to Buy AFX?

Long-term investment plans do not always end well if the decision has been made in a rush or without assessing the potential of a particular share and market sentiment around it. Experts and share market veterans know that a lot of background check is involved when an investor decides to hold a good performance share for the long run as a way to increase their profit in the end. Alpha FX Group has turned out to be a profitable long-term investment as the company has recorded consistent growth in share price in the last three years. In the following, we shall discuss how and why this LSE-listed finance company’s share is climbing new heights and whether it would continue to do so or not?

Alpha FX – Technical Analysis

This company is involved in foreign exchanges services and has both Corporate and Institutional segments for operation. Alpha FX Group was established in 2009 under the name of Alpha Capital Limited by its founder Morgan Tillbrook and its main headquarter is currently in London. It offers its services to companies that are exposed to market volatility in the form of forwarding currency contracts, foreign exchange spot transactions, payment collections, and options contracts, etc.

This flourishing finance company has all the right to be on a careful investor’s watchlist due to its unyielding recent performance. According to the financial details overview, AFX has amassed around 876.3 million in market capitalisation at the time of writing. Its price-to-earnings ratio has also jumped to 39.75 with total assets worth 170.6 million. Yesterday, the price per share closed at 2140 on LSE, adding 200 points in a single day with a 10.3% uptrend.

The technical overview of the AFX has been just as impressive because a total of 17 technical indicators including reliable oscillators and moving averages, for example, MACD (), SMA (), RSI (), and EMA () are pointing towards a strong buy action. For investors who are already on the lookout for an opportunity to enter AFX need to consider the current moment.

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Recent Developments

Alpha FX Group has been one of the profitably growing companies within the finance sector for quite some time now as it continues to demonstrate its potential to bring steady value generation. In August, the company made waves through the market when the company’s first half-year revenue showed an 89% increase to £34 million due to the addition of more clients. Client recovery has supported the company and resulted in increased client activities.

Since then AFX has been a topic of investment conversations preferably for the long term if one’s finances allow one to do that. It has also registered a 90% increase in revenues Y/Y according to the H1 numbers shared.

Reasons to Buy AFX

One of the qualities that makes AFX shares a must-buy for investors is that the earnings per share of AFX have been following the share price with time. EPS growth is an attractive feat for any company. Over three years, Alpha FX Group has recorded up to a 31% rise in its compound EPS.

The growing revenue of the company is the second-most positive quality of AFX shares as of now. Alpha FX Group has kept stable EBIT margins over 2020 marking its growth trend in a market that was suffering from post-pandemic challenges. The company’s insiders have invested a significant amount of capital in AFX which is around 20% of the business.

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