The PaySign Inc. (NASDAQ:PAYS) is going down by -3.52% in today’s trading session, a fall equivalent to -0.43% of the stock’s price from yesterday’s market close. A news came out on 11/05/19 stating that Paysign, Inc. Reports Record Third Quarter 2019 Revenues and Net Income by WSJ. The lowest point that the shares touched during the trading session was $11.25, while the peak of the day was recorded at a share price of $12.16. PAYS finished the previous session at $12.09 according to the data provided by Barchart, while the trading volume was observed to be $589405.
In the 100 days of trading, PAYS managed to top a 12.50% Moving average. Additionally, PaySign Inc. shares have achieved a 52-week range between 3.15 and 18.67 alongside 100 days raw stochastic set at 30.20%.
The number of shares outstanding, according to the fundamentals of the company, is set at 49.38M, equal to the value of $596.76M in market capitalization. In the last 30 days, PaySign Inc. shares went down by -6.59%, adding 12.44 to growth in value, on top of a +18.45% boost since 10/11/19.
PaySign Inc. (NASDAQ:PAYS) Analyst’s Estimates
PaySign Inc. (PAYS) could record at least $0.06 per share in quarterly earnings in the upcoming report on 03/30/2020, a number that would actually represent an increase of 0.31 YOY.
According to the average analyst rating, PaySign Inc. would be rated as Overweight. Out of 4 different analysts monitoring PAYS stock, 3 analysts rate the stock as a BUY, 1 suggest to give the rating of HOLD, 0 indicate that PAYS is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On August 06, 2019, the stock earned a Upgrade rating due to a new analyst call from BTIG Research, while analysts from BTIG Research believe that the stock is set at Sell from Neutral, as concluded on July 22, 2019. Canaccord Genuity, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on July 02, 2019.
Ladenburg Thalmann, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on May 16, 2019, giving the stock a Buy rating.
PAYS Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +44.01% has been attained, while the operating margin has been recorded at +10.56%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 9.15%. Beta value of the stock is recorded at 0.81. Additionally, PaySign Inc. is recording price volatility of 10.25% for the period of the last seven days and 7.05% in the last 30 days.
PaySign Inc. (NASDAQ:PAYS) Technical Outlook
For the period of the last 50 days, PaySign Inc. had its Raw Stochastic average set at 69.16% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 68.82%. Stochastic %K for PaySign Inc., with the last 20 days included, was set at 74.78%, having Stochastic %D topping 76.98%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for PaySign Inc. stocks with recording 243.32% in metrics.
PaySign Inc. Insider Watch:
Similarly, 88.19% of the company’s float is held by institutions – and there are 167 institutions in total holding shares of this company. The top three institutional holders of PAYS stocks are: Blackrock Inc. with ownership of $21.0 million, which is approximately 2087332 of the company’s shares; Vanguard Group, Inc. (The), holding 1574326 shares of the stock with an approximate value of $21.0 million; and Driehaus Capital Management, LLC, currently with more than 836313 shares of the company valued at $11.0 million. Positions in PaySign Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 15 insider purchases amounting to 1270000 shares. Similarly, there were 7 sale transactions amounting to 485000 shares, with the net shares purchased during the last six months reaching 785,000.