The stock of Payoneer Global Inc (NASDAQ: PAYO) has decreased by -1.13 when compared to last closing price of 7.06.Despite this, the company has seen a loss of -5.55% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-04 that Payoneer Global Inc. offers to buy back all its outstanding warrants at $0.78 each, presenting a low-risk opportunity for a 1% gain in less than a week. Payoneer’s offer is not subject to financing conditions, approvals, or minimum or maximum number of warrants tendered. Arbitrageurs can profit by purchasing warrants at prices below the Offer price in the market and tendering them before the offer expires.
Is It Worth Investing in Payoneer Global Inc (NASDAQ: PAYO) Right Now?
Payoneer Global Inc (NASDAQ: PAYO) has a price-to-earnings ratio of 26.04x that is above its average ratio. Additionally, the 36-month beta value for PAYO is 0.86. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PAYO is 297.55M and currently, short sellers hold a 3.60% ratio of that float. The average trading volume of PAYO on September 06, 2024 was 2.88M shares.
PAYO’s Market Performance
PAYO stock saw an increase of -5.55% in the past week, with a monthly gain of 7.88% and a quarterly increase of 17.91%. The volatility ratio for the week is 3.18%, and the volatility levels for the last 30 days are 3.91% for Payoneer Global Inc (PAYO). The simple moving average for the past 20 days is -1.08% for PAYO’s stock, with a 29.61% 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 14.13% 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 -7.79% of loss for the given period.
Volatility was left at 3.91%, however, over the last 30 days, the volatility rate increased by 3.18%, as shares surge +4.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.96% upper at present.
During the last 5 trading sessions, PAYO fell by -5.48%, which changed the moving average for the period of 200-days by +27.70% in comparison to the 20-day moving average, which settled at $7.07. In addition, Payoneer Global Inc saw 33.97% 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 150,000 shares at the price of $7.33 back on Aug 29 ’24. After this action, Galit Scott H. now owns 1,659,674 shares of Payoneer Global Inc, valued at $1,099,710 using the latest closing price.
Galit Scott H., the Director of Payoneer Global Inc, sale 150,000 shares at $7.07 during a trade that took place back on Aug 28 ’24, which means that Galit Scott H. is holding 1,809,674 shares at $1,060,950 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 2.33. 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
In conclusion, Payoneer Global Inc (PAYO) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
