The stock of Payoneer Global Inc (PAYO) has seen a 4.31% increase in the past week, with a 10.36% gain in the past month, and a 48.34% flourish in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are at 2.30% for PAYO. The simple moving average for the past 20 days is 5.67% for PAYO’s stock, with a 42.40% simple moving average for the past 200 days.
Is It Worth Investing in Payoneer Global Inc (NASDAQ: PAYO) Right Now?
Payoneer Global Inc (NASDAQ: PAYO) has a price-to-earnings ratio that is above its average at 30.54x. The stock has a 36-month beta value of 0.85. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PAYO is 298.66M, and at present, short sellers hold a 3.83% of that float. On October 17, 2024, the average trading volume of PAYO was 2.82M shares.
PAYO) stock’s latest price update
The stock of Payoneer Global Inc (NASDAQ: PAYO) has increased by 1.09 when compared to last closing price of 8.10.Despite this, the company has seen a gain of 4.31% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-21 that I recommend a buy rating for Payoneer Global (PAYO) due to strong growth drivers and potential for higher-than-expected growth given its large TAM. PAYO’s e-commerce diversification and restructuring of B2B strategies have shown positive results, with significant revenue and volume growth in the B2B segment. PAYO’s has various monetization opportunities, including new pricing strategies and expanding working capital products.
Analysts’ Opinion of PAYO
Many brokerage firms have already submitted their reports for PAYO stocks, with Needham repeating the rating for PAYO by listing it as a “Buy.” The predicted price for PAYO in the upcoming period, according to Needham is $10 based on the research report published on October 07, 2024 of the current year 2024.
The Benchmark Company, 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 February 13th, 2024.
Berenberg gave a rating of “Buy” to PAYO, setting the target price at $7 in the report published on July 11th of the previous year.
PAYO Trading at 10.86% 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 able to rebound, for now settling with 0.91% of gains for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares surge +8.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.69% upper at present.
During the last 5 trading sessions, PAYO rose by +4.42%, which changed the moving average for the period of 200-days by +62.96% in comparison to the 20-day moving average, which settled at $7.75. In addition, Payoneer Global Inc saw 57.17% 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 Perry Itai, who sale 4,100 shares at the price of $8.00 back on Oct 15 ’24. After this action, Perry Itai now owns 228,738 shares of Payoneer Global Inc, valued at $32,800 using the latest closing price.
Perry Itai, the Chief Accounting Officer of Payoneer Global Inc, sale 3,900 shares at $8.00 during a trade that took place back on Oct 09 ’24, which means that Perry Itai is holding 228,738 shares at $31,201 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 2.87. 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.
