Paymentus Holdings Inc [PAY] stock prices are up 8.38% to $20.82 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 PAY shares have gain 27.34% over the last week, with a monthly amount glided 31.52%, and seem to be holding up well over a long-time horizon.
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On 4, March 2024, Paymentus Reports Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Quarterly revenue increased 24.7% year-over-yearAdjusted EBITDA grew 95.4% year-over-year, reflecting 30% of contribution profit.
From an analyst’s perspective:
Paymentus Holdings Inc [NYSE: PAY] stock has seen the most recent analyst activity on January 17, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $17. On October 05, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $17 on the stock. Robert W. Baird downgraded its rating to a Neutral and increased its price target to $18 on September 18, 2023. Goldman upgraded its rating to a Neutral and raised its price target to $12 on August 08, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on April 20, 2023. In a note dated January 09, 2023, Wells Fargo downgraded an Underweight rating on this stock and revised its target price from $10 to $8.50.
The stock price of Paymentus Holdings Inc [PAY] has been fluctuating between $7.07 and $21.02 over the past year. Currently, Wall Street analysts expect the stock to reach $10.38 within the next 12 months. Paymentus Holdings Inc [NYSE: PAY] shares were valued at $20.82 at the most recent close of the market. An investor can expect a potential drop of -50.14% based on the average PAY price forecast.
Analyzing the PAY fundamentals
The Paymentus Holdings Inc [NYSE:PAY] reported sales of 614.49M for trailing twelve months, representing a surge of 24.68%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.03 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 19.66 points at the first support level, and at 18.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.52, and for the 2nd resistance point, it is at 22.23.
Paymentus Holdings Inc [PAY] reported earnings per share of $0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of $0.04 and a surprise factor of 57.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.09 per share as compared to estimates of $0.04 per share, a difference of $0.05 representing a surprise of 125.00%.
Ratios To Look Out For
It’s worth pointing out that Paymentus Holdings Inc [NYSE:PAY]’s Current Ratio is 4.26. Also, the Quick Ratio is 4.26, while the Cash Ratio stands at 2.72. Considering the valuation of this stock, the price to sales ratio is 4.20, the price to book ratio is 6.00 and price to earnings (TTM) ratio is 117.10.
Transactions by insiders
Recent insider trading involved Kalra Sanjay, SVP and CFO, that happened on Mar 08 ’24 when 33547.0 shares were sold. SVP and CFO, Kalra Sanjay completed a deal on Mar 07 ’24 to sell 32308.0 shares. Meanwhile, General Counsel and Secretary Gerber Andrew A. sold 1273.0 shares on Feb 20 ’24.
