How did PaySign Inc. (PAYS) surprise investors with its report?

PaySign Inc. [PAYS] stock prices are up 4.31% to $3.39 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PAYS shares have gain 5.94% over the last week, with a monthly amount glided 26.49%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

PaySign Inc. [NASDAQ: PAYS] stock has seen the most recent analyst activity on March 30, 2022, when Barrington Research initiated its Mkt Perform rating and assigned the stock a price target of $4. Previously, Ladenburg Thalmann downgraded its rating to Neutral on March 24, 2022. On August 19, 2021, upgrade upgraded it’s rating to Buy. Ladenburg Thalmann upgraded its rating to a Buy and increased its price target to $3.75 on August 12, 2021. Ladenburg Thalmann upgraded its rating to a Neutral but $3.50 remained the price target by the analyst firm on May 12, 2021. Canaccord Genuity downgraded its rating to Hold for this stock on December 23, 2020, but kept the price target unchanged to $5. In a note dated November 18, 2020, Ladenburg Thalmann downgraded an Sell rating on this stock and revised its target price from $8.75 to $3.30.

The stock price of PaySign Inc. [PAYS] has been fluctuating between $1.15 and $3.27 over the past year. Currently, Wall Street analysts expect the stock to reach $3.81 within the next 12 months. PaySign Inc. [NASDAQ: PAYS] shares were valued at $3.39 at the most recent close of the market. An investor can expect a potential return of 12.39% based on the average PAYS price forecast.

Analyzing the PAYS fundamentals

The most recent quarter, PaySign Inc. [NASDAQ:PAYS] reported sales of 10.6 billion, representing a surge of 35.90%. Gross Margin for this corporation currently stands at +41.45% with Operating Margin at -9.30%, Pretax Margin comes in at -9.20%, and Net Margin reading is -9.24%.

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 3.22 points at the first support level, and at 3.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.56, and for the 2nd resistance point, it is at 3.72.

PaySign Inc. [PAYS] reported earnings per share of $0 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of $0.01 and a surprise factor of 100.00%.

Ratios To Look Out For

It’s worth pointing out that PaySign Inc. [NASDAQ:PAYS]’s Current Ratio is 1.10. Also, the Quick Ratio is 1.10, while the Cash Ratio stands at 1.02. Considering the valuation of this stock, the price to sales ratio is 2.77, the price to book ratio is 6.38 and the P/E (TTM) ratio is 423.75.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 1 insider buyings of 40,000 shares and 2 insider sellings of 16,203 shares. Recent insider trading involved Strobo Robert, Chief Legal Officer, that happened on Nov 03 when 2.0 shares were sold. Chief Legal Officer, Strobo Robert completed a deal on Nov 02 to sell 16201.0 shares. Meanwhile, COO, President Lanford Matthew Louis sold 6966.0 shares on Jul 06.