The price-to-earnings ratio for Paymentus Holdings Inc (NYSE: PAY) is 143.54x, which is above its average ratio. Moreover, the 36-month beta value for PAY is 1.42. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 15 as “hold,” and 1 as “sell.”
The public float for PAY is 17.69M and currently, short sellers hold a 2.01% of that float. On November 13, 2024, PAY’s average trading volume was 207.54K shares.
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PAY) stock’s latest price update
The stock of Paymentus Holdings Inc (NYSE: PAY) has increased by 37.88 when compared to last closing price of 26.61. Despite this, the company has experienced a 36.80% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-11-12 that CHARLOTTE, N.C.–(BUSINESS WIRE)–Paymentus Holdings, Inc. (“Paymentus”) (NYSE: PAY), a leading provider of cloud-based bill payment technology and solutions, today announced its unaudited financial results for the quarter ended September 30, 2024. “Paymentus has delivered excellent results to date in 2024 with third quarter revenue, contribution profit and adjusted EBITDA increasing 51.9%, 30.1% and 58.2% year-over-year, respectively. We exited the quarter with strong bookings and backlog and.
PAY’s Market Performance
Paymentus Holdings Inc (PAY) has experienced a 36.80% rise in stock performance for the past week, with a 55.93% rise in the past month, and a 58.35% rise in the past quarter. The volatility ratio for the week is 4.60%, and the volatility levels for the past 30 days are at 4.68% for PAY. The simple moving average for the last 20 days is 41.00% for PAY stock, with a simple moving average of 78.11% for the last 200 days.
Analysts’ Opinion of PAY
Many brokerage firms have already submitted their reports for PAY stocks, with Robert W. Baird repeating the rating for PAY by listing it as a “Outperform.” The predicted price for PAY in the upcoming period, according to Robert W. Baird is $23 based on the research report published on July 10, 2024 of the current year 2024.
Wells Fargo gave a rating of “Equal Weight” to PAY, setting the target price at $17 in the report published on January 17th of the current year.
PAY Trading at 58.03% from the 50-Day Moving Average
After a stumble in the market that brought PAY to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 31.35% of gains for the given period.
Volatility was left at 4.68%, however, over the last 30 days, the volatility rate increased by 4.60%, as shares surge +34.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +59.42% upper at present.
During the last 5 trading sessions, PAY rose by +28.04%, which changed the moving average for the period of 200-days by +117.48% in comparison to the 20-day moving average, which settled at $25.90. In addition, Paymentus Holdings Inc saw 105.32% 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 PAY starting from Kalra Sanjay, who sale 15,835 shares at the price of $23.43 back on Aug 16 ’24. After this action, Kalra Sanjay now owns 497,483 shares of Paymentus Holdings Inc, valued at $370,949 using the latest closing price.
Gerber Andrew A., the General Counsel and Secretary of Paymentus Holdings Inc, sale 1,523 shares at $23.59 during a trade that took place back on Aug 16 ’24, which means that Gerber Andrew A. is holding 135,013 shares at $35,922 based on the most recent closing price.
Stock Fundamentals for PAY
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.29 for the gross margin
The net margin for Paymentus Holdings Inc stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 7.53, with 6.45 for asset returns.
Based on Paymentus Holdings Inc (PAY), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 7.01.
Currently, EBITDA for the company is 48.69 million with net debt to EBITDA at -2.75. When we switch over and look at the enterprise to sales, we see a ratio of 6.22. The receivables turnover for the company is 7.65for trailing twelve months and the total asset turnover is 1.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.51.
Conclusion
To wrap up, the performance of Paymentus Holdings Inc (PAY) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
