Global Payments, Inc. (GPN) Shares Down Despite Recent Market Volatility

Global Payments, Inc. (NYSE: GPN) has experienced a decline in its stock price by -1.55 compared to its previous closing price of 99.08. However, the company has seen a fall of -3.87% in its stock price over the last five trading days. investorplace.com reported 2024-06-04 that Investors with a contrarian bent are likely interested in figuring out what are the top oversold stocks to buy. However, it’s reasonable to say that “oversold” is in the eye on the beholder.

Is It Worth Investing in Global Payments, Inc. (NYSE: GPN) Right Now?

Global Payments, Inc. (NYSE: GPN) has a higher price-to-earnings ratio of 19.37x compared to its average ratio, The 36-month beta value for GPN is at 0.99. Analysts have varying views on the stock, with 15 analysts rating it as a “buy,” 11 rating it as “overweight,” 7 as “hold,” and 1 as “sell.”

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The public float for GPN is 253.08M, and currently, shorts hold a 2.69% of that float. The average trading volume for GPN on June 05, 2024 was 2.31M shares.

GPN’s Market Performance

GPN stock saw a decrease of -3.87% in the past week, with a monthly decline of -12.42% and a quarterly a decrease of -24.29%. The volatility ratio for the week is 2.10%, and the volatility levels for the last 30 days are 1.91% for Global Payments, Inc. (GPN).. The simple moving average for the past 20 days is -8.46% for GPN’s stock, with a -20.04% simple moving average for the past 200 days.

Analysts’ Opinion of GPN

Many brokerage firms have already submitted their reports for GPN stocks, with Monness Crespi & Hardt repeating the rating for GPN by listing it as a “Buy.” The predicted price for GPN in the upcoming period, according to Monness Crespi & Hardt is $165 based on the research report published on May 03, 2024 of the current year 2024.

Evercore ISI, on the other hand, stated in their research note that they expect to see GPN reach a price target of $185, previously predicting the price at $129. The rating they have provided for GPN stocks is “Outperform” according to the report published on February 02nd, 2024.

BMO Capital Markets gave a rating of “Market Perform” to GPN, setting the target price at $138 in the report published on December 05th of the previous year.

GPN Trading at -17.09% from the 50-Day Moving Average

After a stumble in the market that brought GPN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.20% of loss for the given period.

Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -12.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.18% lower at present.

During the last 5 trading sessions, GPN fell by -3.87%, which changed the moving average for the period of 200-days by -21.96% in comparison to the 20-day moving average, which settled at $105.88. In addition, Global Payments, Inc. saw -23.20% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at GPN starting from Carter Andrea M, who sale 3,300 shares at the price of $111.34 back on May 09 ’24. After this action, Carter Andrea M now owns 25,209 shares of Global Payments, Inc., valued at $367,422 using the latest closing price.

WOODS M TROY, the Director of Global Payments, Inc., sale 5,247 shares at $133.77 during a trade that took place back on Dec 14 ’23, which means that WOODS M TROY is holding 248,029 shares at $701,891 based on the most recent closing price.

Stock Fundamentals for GPN

Current profitability levels for the company are sitting at:

  • 0.22 for the present operating margin
  • 0.62 for the gross margin

The net margin for Global Payments, Inc. stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 5.92, with 2.61 for asset returns.

Based on Global Payments, Inc. (GPN), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is 3.02.

Currently, EBITDA for the company is 3.74 billion with net debt to EBITDA at 4.08. When we switch over and look at the enterprise to sales, we see a ratio of 4.19. The receivables turnover for the company is 1.47for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.

Conclusion

In conclusion, Global Payments, Inc. (GPN) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.

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