Are Paymentus Holdings Inc. (PAY) stocks a prudent buy?

As of right now, Paymentus Holdings Inc. [PAY] is trading at $12.97, climbing down -28.38%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PAY shares have lost -11.47% over the last week, with a monthly amount drifted -7.75%, and not seem to be holding up well over a long-time horizon.

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On 3, August 2022, Paymentus Reports Second Quarter 2022 Financial Results. In a post published today on Yahoo Finance, Second Quarter Transactions Increased 39% Year-over-YearSecond Quarter Revenue Increased 28% Year-over-YearSecond Quarter Gross Profit Increased 24% Year-over-YearContribution Profit* Increased 30% Year-over-Year.

From an analyst’s perspective:

Paymentus Holdings Inc. [NYSE: PAY] stock has seen the most recent analyst activity on August 04, 2022, when Goldman downgraded its rating to a Neutral and also revised its price target to $16 from $19. Previously, Wells Fargo started tracking the stock with Overweight rating on April 05, 2022, and set its price target to $31. On January 31, 2022, upgrade upgraded it’s rating to Outperform but maintained its price target of $37 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $41 on December 10, 2021. SMBC Nikko initiated its recommendation with a Outperform and recommended $29 as its price target on November 03, 2021. Wolfe Research started tracking with a Outperform rating for this stock on June 21, 2021, and assigned it a price target of $37. In a note dated June 21, 2021, Wells Fargo initiated an Overweight rating and iterated a target price of $35 on this stock.

Through the last year, Paymentus Holdings Inc.’s stock price ranged from $11.57 to $36.79. Currently, Wall Street analysts expect the stock to reach $20.11 within the next 12 months. Paymentus Holdings Inc. [NYSE: PAY] shares were valued at $12.97 at the most recent close of the market. An investor can expect a potential return of 55.05% based on the average price forecast.

Analyzing the PAY fundamentals

For Apple Inc, (PAY), the latest quarter sales were 116.7 billion, which represents an 26.60% increase. Gross Margin for this corporation currently stands at +29.55% with Operating Margin at +3.05%, Pretax Margin comes in at +2.62%, and Net Margin reading is +2.35%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.13 points at the first support level, and at 11.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.38, and for the 2nd resistance point, it is at 15.80.

Paymentus Holdings Inc. [PAY] reported earnings per share of $0.03 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.01/share, meaning a difference of $0.02 and a surprise factor of 200.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $0.02 per share as compared to estimates of $0.01 per share, a difference of $0.01 representing a surprise of 100.00%.

Ratios To Look Out For

It is important to note that Paymentus Holdings Inc. [NYSE:PAY] has a current ratio of 3.20. As well, the Quick Ratio is 3.42, while the Cash Ratio is 2.71. Considering the valuation of this stock, the price to sales ratio is 10.67, the price to book ratio is 10.93 and the P/E (TTM) ratio is 254.31.

Transactions by insiders

Insider trading has also been a hot topic recently, with 4 insiders purchasing 202,835 shares and 1 selling 228 shares in the past 3 months. Recent insider trading involved Trainor Gary, Director, that happened on Jun 09 when 0.62 million shares were sold. Chief Financial Officer, Parson Matt completed a deal on May 17 to sell 228.0 shares. Meanwhile, Chairman, President and CEO Sharma Dushyant bought 1.0 shares on Feb 18.