Payoneer Global Inc (NASDAQ: PAYO) has seen a rise in its stock price by 7.09 in relation to its previous close of 5.22. However, the company has experienced a 12.93% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that Payoneer Global Inc. (PAYO) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.02 per share a year ago.
Is It Worth Investing in Payoneer Global Inc (NASDAQ: PAYO) Right Now?
The price-to-earnings ratio for Payoneer Global Inc (NASDAQ: PAYO) is above average at 23.03x, Company’s 36-month beta value is 0.78.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PAYO is 335.63M, and currently, short sellers hold a 3.74% ratio of that floaft. The average trading volume of PAYO on May 08, 2024 was 2.55M shares.
PAYO’s Market Performance
PAYO’s stock has seen a 12.93% increase for the week, with a 15.02% rise in the past month and a 15.26% gain in the past quarter. The volatility ratio for the week is 3.20%, and the volatility levels for the past 30 days are at 2.92% for Payoneer Global Inc The simple moving average for the past 20 days is 12.74% for PAYO’s stock, with a 5.22% simple moving average for the past 200 days.
Analysts’ Opinion of PAYO
Many brokerage firms have already submitted their reports for PAYO stocks, with The Benchmark Company repeating the rating for PAYO by listing it as a “Buy.” The predicted price for PAYO in the upcoming period, according to The Benchmark Company is $7 based on the research report published on February 13, 2024 of the current year 2024.
Berenberg, on the other hand, stated in their research note that they expect to see PAYO reach a price target of $7. The rating they have provided for PAYO stocks is “Buy” according to the report published on July 11th, 2023.
Jefferies gave a rating of “Buy” to PAYO, setting the target price at $7 in the report published on February 27th of the previous year.
PAYO Trading at 16.30% from the 50-Day Moving Average
After a stumble in the market that brought PAYO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.73% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares surge +14.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.27% upper at present.
During the last 5 trading sessions, PAYO rose by +12.63%, which changed the moving average for the period of 200-days by +5.99% in comparison to the 20-day moving average, which settled at $4.99. In addition, Payoneer Global Inc saw 7.29% 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 PAYO starting from Galit Scott H., who sale 12,221 shares at the price of $5.23 back on May 07 ’24. After this action, Galit Scott H. now owns 2,451,171 shares of Payoneer Global Inc, valued at $63,968 using the latest closing price.
Galit Scott H., the Director of Payoneer Global Inc, sale 191,283 shares at $4.85 during a trade that took place back on Apr 10 ’24, which means that Galit Scott H. is holding 2,476,139 shares at $928,067 based on the most recent closing price.
Stock Fundamentals for PAYO
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.84 for the gross margin
The net margin for Payoneer Global Inc stands at 0.1. The total capital return value is set at 0.18. Equity return is now at value 15.43, with 1.34 for asset returns.
Based on Payoneer Global Inc (PAYO), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 13.52. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 1.36.
Currently, EBITDA for the company is 125.25 million with net debt to EBITDA at -2.97. When we switch over and look at the enterprise to sales, we see a ratio of 1.8. The receivables turnover for the company is 120.05for trailing twelve months and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
In a nutshell, Payoneer Global Inc (PAYO) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
