The stock of Paymentus Holdings Inc (NYSE: PAY) has decreased by -13.47 when compared to last closing price of 22.20.Despite this, the company has seen a loss of -5.88% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-06 that Paymentus Holdings, Inc. (NYSE:PAY ) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants David Hanover – Investor Relations Dushyant Sharma – Founder and Chief Executive Officer Sanjay Kalra – Chief Financial Officer Conference Call Participants John Davis – Raymond James Dave Koning – Baird Darrin Peller – Wolfe Research Will Nance – Goldman Sachs Tien-Tsin Huang – JPMorgan Andrew Bauch – Wells Fargo Zachary Gunn – FT Partners Operator Good day, and welcome to First Quarter 2024 Paymentus’ Earnings Conference Call. This call is being recorded.
Is It Worth Investing in Paymentus Holdings Inc (NYSE: PAY) Right Now?
The price-to-earnings ratio for Paymentus Holdings Inc (NYSE: PAY) is above average at 83.85x, Company’s 36-month beta value is 1.55.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 15 as “hold,” and 1 as “sell.”
The public float for PAY is 17.13M, and currently, short sellers hold a 5.77% ratio of that floaft. The average trading volume of PAY on May 08, 2024 was 364.19K shares.
PAY’s Market Performance
PAY stock saw a decrease of -5.88% in the past week, with a monthly decline of -9.69% and a quarterly a decrease of 22.90%. The volatility ratio for the week is 7.33%, and the volatility levels for the last 30 days are 4.36% for Paymentus Holdings Inc (PAY). The simple moving average for the past 20 days is -5.49% for PAY’s stock, with a 14.18% simple moving average for the past 200 days.
Analysts’ Opinion of PAY
Wells Fargo, on the other hand, stated in their research note that they expect to see PAY reach a price target of $17. The rating they have provided for PAY stocks is “Equal Weight” according to the report published on January 17th, 2024.
Citigroup gave a rating of “Neutral” to PAY, setting the target price at $16 in the report published on October 31st of the previous year.
PAY Trading at -6.67% from the 50-Day Moving Average
After a stumble in the market that brought PAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.80% of loss for the given period.
Volatility was left at 4.36%, however, over the last 30 days, the volatility rate increased by 7.33%, as shares sank -10.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.30% upper at present.
During the last 5 trading sessions, PAY fell by -5.88%, which changed the moving average for the period of 200-days by +78.37% in comparison to the 20-day moving average, which settled at $20.22. In addition, Paymentus Holdings Inc saw 7.50% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PAY starting from Kalra Sanjay, who sale 33,547 shares at the price of $18.85 back on Mar 08 ’24. After this action, Kalra Sanjay now owns 409,205 shares of Paymentus Holdings Inc, valued at $632,411 using the latest closing price.
Kalra Sanjay, the SVP and CFO of Paymentus Holdings Inc, sale 32,308 shares at $18.41 during a trade that took place back on Mar 07 ’24, which means that Kalra Sanjay is holding 442,752 shares at $594,881 based on the most recent closing price.
Stock Fundamentals for PAY
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.3 for the gross margin
The net margin for Paymentus Holdings Inc stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 6.87, with 5.88 for asset returns.
Based on Paymentus Holdings Inc (PAY), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 7.49.
Currently, EBITDA for the company is 48.69 million with net debt to EBITDA at -3.43. When we switch over and look at the enterprise to sales, we see a ratio of 3.41. The receivables turnover for the company is 7.73for trailing twelve months and the total asset turnover is 1.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.47.
Conclusion
In a nutshell, Paymentus Holdings Inc (PAY) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
