Payoneer Global Inc (NASDAQ: PAYO)’s stock price has gone rise by 0.45 in comparison to its previous close of 5.53, however, the company has experienced a 2.68% increase in its stock price over the last five trading days. investorplace.com reported 2024-07-29 that Finding the best undervalued tech stocks, ones that can outperform the broader market, is no easy task. To start off, there are no guarantees when it comes to picking winning stocks.
Is It Worth Investing in Payoneer Global Inc (NASDAQ: PAYO) Right Now?
Payoneer Global Inc (NASDAQ: PAYO) has a higher price-to-earnings ratio of 18.60x compared to its average ratio. PAYO has 36-month beta value of 0.82. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PAYO is 287.98M, and currently, short sellers hold a 4.18% ratio of that float. The average trading volume of PAYO on August 01, 2024 was 2.47M shares.
PAYO’s Market Performance
The stock of Payoneer Global Inc (PAYO) has seen a 2.68% increase in the past week, with a 1.74% rise in the past month, and a 12.22% gain in the past quarter. The volatility ratio for the week is 2.39%, and the volatility levels for the past 30 days are at 2.69% for PAYO. The simple moving average for the past 20 days is 1.77% for PAYO’s stock, with a 5.75% 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 -1.13% 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 -14.27% of loss for the given period.
Volatility was left at 2.69%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares surge +2.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.59% lower at present.
During the last 5 trading sessions, PAYO rose by +3.70%, which changed the moving average for the period of 200-days by -1.06% in comparison to the 20-day moving average, which settled at $5.47. In addition, Payoneer Global Inc saw 6.62% 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 10,601 shares at the price of $5.52 back on Jul 16 ’24. After this action, Galit Scott H. now owns 2,122,421 shares of Payoneer Global Inc, valued at $58,510 using the latest closing price.
Galit Scott H., the Director of Payoneer Global Inc, sale 675,287 shares at $5.36 during a trade that took place back on Jul 15 ’24, which means that Galit Scott H. is holding 2,122,421 shares at $3,619,336 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
- 0.83 for the gross margin
The net margin for Payoneer Global Inc stands at 0.13. The total capital return value is set at 0.18. Equity return is now at value 18.47, with 1.76 for asset returns.
Based on Payoneer Global Inc (PAYO), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 9.39. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 1.39.
Currently, EBITDA for the company is 125.25 million with net debt to EBITDA at -3.55. When we switch over and look at the enterprise to sales, we see a ratio of 1.75. The receivables turnover for the company is 12.8for 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
To put it simply, Payoneer Global Inc (PAYO) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
