Payoneer Global Inc (NASDAQ: PAYO) has a price-to-earnings ratio that is above its average at 26.41x. The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PAYO is 296.25M, and at present, short sellers hold a 3.61% of that float. On August 28, 2024, the average trading volume of PAYO was 2.89M shares.
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PAYO) stock’s latest price update
Payoneer Global Inc (NASDAQ: PAYO) has experienced a decline in its stock price by -1.94 compared to its previous closing price of 7.22. However, the company has seen a gain of 1.72% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-12 that Payoneer Global Inc. reported strong quarterly results, beating revenue estimates by $16 million and showing 22% growth in payment volumes. The stock traded close to all-time lows at $5 due to a misunderstanding of the growth story, with a major obstacle being the fear of interest rate cuts affecting revenues. Despite strong growth in B2B and Checkout services, Payoneer Global remains undervalued with a market cap of $2.6 billion and EV of $2.1 billion, trading at 9x EV/EBITDA targets for 2024.
PAYO’s Market Performance
Payoneer Global Inc (PAYO) has experienced a 1.72% rise in stock performance for the past week, with a 26.65% rise in the past month, and a 18.20% rise in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 4.02% for PAYO. The simple moving average for the last 20 days is 7.84% for PAYO’s stock, with a simple moving average of 32.73% for the last 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 19.88% 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 -2.07% of loss for the given period.
Volatility was left at 4.02%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares surge +28.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.80% upper at present.
During the last 5 trading sessions, PAYO rose by +2.01%, which changed the moving average for the period of 200-days by +34.22% in comparison to the 20-day moving average, which settled at $6.64. In addition, Payoneer Global Inc saw 35.89% 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 ARNON KRAFT, who proposed sale 139,237 shares at the price of $7.10 back on Aug 14 ’24. After this action, ARNON KRAFT now owns shares of Payoneer Global Inc, valued at $988,583 using the latest closing price.
Perry Itai, the Chief Accounting Officer of Payoneer Global Inc, sale 7,000 shares at $7.00 during a trade that took place back on Aug 12 ’24, which means that Perry Itai is holding 232,202 shares at $49,000 based on the most recent closing price.
Stock Fundamentals for PAYO
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.82 for the gross margin
The net margin for Payoneer Global Inc stands at 0.11. The total capital return value is set at 0.2. Equity return is now at value 15.63, with 1.53 for asset returns.
Based on Payoneer Global Inc (PAYO), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 4.65. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 1.43.
Currently, EBITDA for the company is 125.25 million with net debt to EBITDA at -2.87. When we switch over and look at the enterprise to sales, we see a ratio of 2.38. The receivables turnover for the company is 13.11for 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 sum up, Payoneer Global Inc (PAYO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
