While Paymentus Holdings Inc has overperformed by 0.76%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PAY rose by 198.12%, with highs and lows ranging from $24.99 to $7.76, whereas the simple moving average jumped by 56.15% in the last 200 days.
On March 14, 2024, Raymond James Downgraded Paymentus Holdings Inc (NYSE: PAY) to Mkt Perform. A report published by Wells Fargo on January 17, 2024, Initiated its previous ‘Equal Weight’ rating for PAY. Citigroup also rated PAY shares as ‘Neutral’, setting a target price of $16 on the company’s shares in an initiating report dated October 31, 2023. Citigroup October 05, 2023d the rating to Neutral on October 05, 2023, and set its price target from $14 to $17. Robert W. Baird September 18, 2023d its ‘Outperform’ rating to ‘Neutral’ for PAY, as published in its report on September 18, 2023. Goldman’s report from August 08, 2023 suggests a price prediction of $12 for PAY shares, giving the stock a ‘Neutral’ rating. Wolfe Research also rated the stock as ‘Peer Perform’.
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Analysis of Paymentus Holdings Inc (PAY)
Further, the quarter-over-quarter increase in sales is 24.68%, showing a positive trend in the upcoming months.
Paymentus Holdings Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 5.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.26, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and PAY has an average volume of 276.16K. On a monthly basis, the volatility of the stock is set at 6.29%, whereas on a weekly basis, it is put at 5.13%, with a gain of 6.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.30, showing decline from the present price of $23.82, which can serve as yet another indication of whether PAY is worth investing in or should be passed over.
How Do You Analyze Paymentus Holdings Inc Shares?
Software – Infrastructure giant Paymentus Holdings Inc (PAY) is based in the USA and is one of the largest companies in the market. When comparing Paymentus Holdings Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 133.97, there is a growth in quarterly earnings of 864.94%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 86.83%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 11.23% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PAY shares are owned by institutional investors to the tune of 11.23% at present.
