The stock of Payoneer Global Inc (NASDAQ: PAYO) has decreased by -0.83 when compared to last closing price of 10.83.Despite this, the company has seen a gain of 4.07% in its stock price over the last five trading days. zacks.com reported 2024-11-13 that Payoneer Global (PAYO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Is It Worth Investing in Payoneer Global Inc (NASDAQ: PAYO) Right Now?
The price-to-earnings ratio for Payoneer Global Inc (NASDAQ: PAYO) is 31.08x, which is above its average ratio. Moreover, the 36-month beta value for PAYO is 0.87. Analysts have varying opinions on the stock, 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 287.84M and currently, short sellers hold a 3.45% of that float. On November 20, 2024, PAYO’s average trading volume was 2.81M shares.
PAYO’s Market Performance
PAYO’s stock has seen a 4.07% increase for the week, with a 26.50% rise in the past month and a 54.31% gain in the past quarter. The volatility ratio for the week is 3.66%, and the volatility levels for the past 30 days are at 3.89% for Payoneer Global Inc. The simple moving average for the past 20 days is 10.57% for PAYO’s stock, with a 70.27% simple moving average for the past 200 days.
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 25.57% 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 -1.47% of loss for the given period.
Volatility was left at 3.89%, however, over the last 30 days, the volatility rate increased by 3.66%, as shares surge +27.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +48.89% upper at present.
During the last 5 trading sessions, PAYO rose by +4.17%, which changed the moving average for the period of 200-days by +119.84% in comparison to the 20-day moving average, which settled at $9.71. In addition, Payoneer Global Inc saw 106.14% 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 ITAI PERI, who proposed sale 52,829 shares at the price of $10.37 back on Nov 18 ’24. After this action, ITAI PERI now owns shares of Payoneer Global Inc, valued at $547,837 using the latest closing price.
Technology Crossover Managemen, the May be part of a 13(d) group of Payoneer Global Inc, sale 7,500,000 shares at $10.32 during a trade that took place back on Nov 11 ’24, which means that Technology Crossover Managemen is holding 34,197,116 shares at $77,400,000 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
- 0.81 for the gross margin
The net margin for Payoneer Global Inc stands at 0.14. The total capital return value is set at 0.19. Equity return is now at value 19.04, with 1.96 for asset returns.
Based on Payoneer Global Inc (PAYO), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 14.31. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 2.1.
Currently, EBITDA for the company is 131.42 million with net debt to EBITDA at -2.81. When we switch over and look at the enterprise to sales, we see a ratio of 3.55. The receivables turnover for the company is 10.16for 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 1.00.
Conclusion
To wrap up, the performance of Payoneer Global Inc (PAYO) 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.
