At the time of writing, Paymentus Holdings Inc [PAY] stock is trading at $33.80, up 27.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The PAY shares have gain 26.03% over the last week, with a monthly amount glided 43.65%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Paymentus Holdings Inc [NYSE: PAY] stock has seen the most recent analyst activity on July 10, 2024, when Robert W. Baird upgraded its rating to a Outperform but kept the price target unchanged to $23 for it. Previously, Raymond James downgraded its rating to Mkt Perform on March 14, 2024. On January 17, 2024, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $17 on the stock. Citigroup downgraded its rating to a Neutral and raised its price target to $17 on October 05, 2023. Robert W. Baird downgraded its rating to Neutral for this stock on September 18, 2023, and upped its price target to $18. In a note dated August 08, 2023, Goldman upgraded an Neutral rating on this stock and boosted its target price from $9 to $12.
For the past year, the stock price of Paymentus Holdings Inc fluctuated between $14.77 and $27.93. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. Paymentus Holdings Inc [NYSE: PAY] shares were valued at $33.80 at the most recent close of the market. An investor can expect a potential drop of -54.14% based on the average PAY price forecast.
Analyzing the PAY fundamentals
According to Paymentus Holdings Inc [NYSE:PAY], the company’s sales were 778.67M for trailing twelve months, which represents an 51.93% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.09 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 29.21 points at the first support level, and at 24.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.69, and for the 2nd resistance point, it is at 41.59.
Ratios To Look Out For
It is important to note that Paymentus Holdings Inc [NYSE:PAY] has a current ratio of 4.27. On the other hand, the Quick Ratio is 4.27, and the Cash Ratio is 2.57. Considering the valuation of this stock, the price to sales ratio is 5.40, the price to book ratio is 8.98 and price to earnings (TTM) ratio is 106.32.
Transactions by insiders
Recent insider trading involved Kalra Sanjay, SVP and CFO, that happened on Aug 16 ’24 when 15835.0 shares were sold. General Counsel and Secretary, Gerber Andrew A. completed a deal on Aug 16 ’24 to sell 1523.0 shares. Meanwhile, Officer SANJAY KALRA bought 15835.0 shares on Aug 16 ’24.
