The stock price of Corpay Inc. (NYSE: CPAY) has surged by 0.73 when compared to previous closing price of 316.65, but the company has seen a 4.04% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-20 that Rising volume and revenues per transaction in payment programs aid Corpay’s organic revenue growth.
Is It Worth Investing in Corpay Inc. (NYSE: CPAY) Right Now?
Corpay Inc. (NYSE: CPAY) has a higher price-to-earnings ratio of 23.17x compared to its average ratio, The 36-month beta value for CPAY is at 1.22. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for CPAY is 67.21M, and currently, shorts hold a 2.86% of that float. The average trading volume for CPAY on October 04, 2024 was 424.99K shares.
CPAY’s Market Performance
CPAY’s stock has seen a 4.04% increase for the week, with a 2.23% rise in the past month and a 17.92% gain in the past quarter. The volatility ratio for the week is 2.09%, and the volatility levels for the past 30 days are at 2.05% for Corpay Inc. The simple moving average for the past 20 days is 3.32% for CPAY’s stock, with a 10.84% simple moving average for the past 200 days.
Analysts’ Opinion of CPAY
Wells Fargo, on the other hand, stated in their research note that they expect to see CPAY reach a price target of $285. The rating they have provided for CPAY stocks is “Equal Weight” according to the report published on June 05th, 2024.
Wolfe Research gave a rating of “Underperform” to CPAY, setting the target price at $295 in the report published on May 17th of the current year.
CPAY Trading at 6.82% from the 50-Day Moving Average
After a stumble in the market that brought CPAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.31% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares surge +4.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.53% upper at present.
During the last 5 trading sessions, CPAY rose by +4.04%, which changed the moving average for the period of 200-days by +14.97% in comparison to the 20-day moving average, which settled at $309.41. In addition, Corpay Inc. saw 12.86% 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 CPAY starting from Netto Armando Lins, who sale 48,500 shares at the price of $307.07 back on Sep 10 ’24. After this action, Netto Armando Lins now owns 28,217 shares of Corpay Inc., valued at $14,892,963 using the latest closing price.
Netto Armando Lins, the Group President of Corpay Inc., sale 15,611 shares at $308.14 during a trade that took place back on Sep 09 ’24, which means that Netto Armando Lins is holding 28,217 shares at $4,810,319 based on the most recent closing price.
Stock Fundamentals for CPAY
Current profitability levels for the company are sitting at:
- 0.45 for the present operating margin
- 0.75 for the gross margin
The net margin for Corpay Inc. stands at 0.26. The total capital return value is set at 0.21. Equity return is now at value 33.55, with 6.43 for asset returns.
Based on Corpay Inc. (CPAY), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 2.67. The interest coverage ratio of the stock is 4.72.
Currently, EBITDA for the company is 2.01 billion with net debt to EBITDA at 1.83. When we switch over and look at the enterprise to sales, we see a ratio of 6.79. The receivables turnover for the company is 1.0for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
In conclusion, Corpay Inc. (CPAY) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
