E-Tranzact International Plc is one of Nigeria’s pioneering payment technology companies, offering digital transaction switching, mobile banking, and e-payment services to banks, businesses, and individuals.
Listed on the Nigerian Exchange (NGX), it operates as a key player in Nigeria’s fast-growing fintech space.
Its recent performance has drawn investor attention following a strong rebound in earnings and share price momentum.
Current Price: ₦16.00
52-week Range: ₦4.74 – ₦18.00
Market Cap: ₦147.2 billion
P/E Ratio: 40.6x
EPS (ttm): ₦0.39
Last Dividend: ₦0.13 (for FY2024)
1. Market Overview
E-Tranzact’s share price currently trades at ₦16.00, close to its 52-week high of ₦18.00. The company’s market value now sits around ₦147 billion. It has seen a major rally this year, moving from under ₦5 to the mid-teens — one of the strongest runs on the NGX fintech segment.
Average daily volume sits near 1.25 million shares, though recent sessions have shown slightly lighter trading activity.
2. Technical Summary
The overall trend remains bullish. The stock has been making higher highs and higher lows since early 2024, showing strong upward momentum.
- RSI: Around 60–65, suggesting healthy strength without being overbought.
- Moving Averages: Short-term averages still point upward, though the market looks due for a short rest after the strong rally.
- Volume: Slightly below average recently, so confirmation on future breakouts will matter.
3. Smart Money & Institutional Clues
There are early signs of accumulation, but not yet large-scale institutional buying. Watch for NGX disclosures or block trades, those would signal that “smart money” is positioning.
If price ever dips to the ₦10–₦12 zone, that’s a key liquidity area where strong buyers may step in again.
4. Chart Patterns
E-Tranzact has been moving within an ascending channel, showing a steady uptrend.
- Resistance: ₦18.00 – ₦19.00
- Support: ₦12.00 – ₦13.00, then ₦8.00 – ₦10.00
If the stock surges too quickly without matching volume, it could form a rising wedge, which often leads to short-term pullbacks.
5. Elliott Wave View (Simplified)
The price structure looks like it’s in an extended uptrend wave — possibly still within a strong wave 3 or early wave 5. The next major phase will depend on whether the stock can break ₦18.25 with solid volume.
In short: the trend is still alive, but momentum could slow down soon if there’s no fresh buying interest.
6. Fundamentals & Financial Health
E-Tranzact’s Half-Year 2025 results show total assets of ₦25.4 billion and shareholder equity of about ₦16.4 billion — both higher than last year.
Revenue and profit have grown year-on-year, though its P/E ratio of 40.6x means investors are already pricing in a lot of future growth.
The company continues to push into fintech infrastructure, SME digital tools, and government-backed payment systems. Recent approval from the FIRS to handle nationwide e-invoicing could drive long-term revenue expansion.
7. Outlook & Price Forecast
- Short term (next few weeks): As long as price stays above ₦13–₦14, momentum should hold steady.
- Medium term (3–6 months): If more contracts and strong results come through, the uptrend could continue. Otherwise, expect a healthy pullback to ₦10–₦12 to cool off the valuation.
8. Trade Ideas (Entry & Exit Levels)
A. Conservative Play (Buy the Dip)
- Entry Zone: ₦13.00 – ₦14.00
- Stop-Loss: ₦11.00
- Target: ₦19.50 – ₦22.00
- Why: Safer entry near support, with room for a solid risk/reward ratio.
B. Aggressive Play (Breakout Buy)
- Entry: Above ₦18.25 with strong volume
- Stop-Loss: ₦15.00
- Target: ₦24.00 – ₦30.00
- Why: Riding fresh momentum if the stock breaks its resistance with conviction.
Keep risk small (1–3% per position) and move stops higher as price advances.
9. Verdict
E-Tranzact is still a buy-on-dips or buy-on-breakout stock, not a blind buy at current levels. The fundamentals are improving, and market sentiment around Nigerian fintech remains strong, but the valuation is already stretched.
If you already hold the stock, consider locking in some profits around ₦19–₦22 and use trailing stops to protect gains.
Upcoming Catalysts to Watch
- Next quarterly results or management updates from NGX.
- New fintech partnerships or contracts — especially government or major bank deals.
- Any signs of institutional accumulation in trading disclosures.
✅ Checklist Before You Trade
- Confirm strong volume on entry.
- Double-check for any new NGX announcements or insider trades.
- Stick to your stop-loss plan.
- Re-evaluate after each quarterly report.
