The trading price of PayPal Holdings, Inc. (NASDAQ:PYPL) floating higher at last check on Wednesday, Jan 13, closing at $237.64, 2.18% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $236.57 and $243.43. The company’s P/E ratio in the trailing 12-month period was 89.74, while its 5Y monthly beta was 1.14. In examining the 52-week price action we see that the stock hit a 52-week high of $244.25 and a 52-week low of $82.07. Over the past month, the stock has gained 10.36% in value.
PayPal Holdings, Inc., whose market valuation is $269.92 Billion at the time of this writing, is expected to release its quarterly earnings report Jan 27, 2021- Feb 01, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.99 per share this quarter, however they have predicted annual earnings per share of $3.8 for 2021 and $4.53 for 2022. It means analysts are expecting annual earnings per share growth of 0.23% this year and 0.19% next year.
Analysts have forecast the company to bring in revenue of $6.09 Billion for the quarter, with the likely lows of $5.98 Billion and highs of $6.24 Billion. The average estimate suggests sales will likely up by 22.8% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $21.43 Billion. The company’s revenue is forecast to grow by +20.6% over what it did in 2020.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of PayPal Holdings, Inc. 1 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest PYPL has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned PYPL a recommendation rating is 46. Out of them, 10 rate it a Hold, while 32 recommend Buy, whereas 3 assign an Outperform rating. 1 analyst(s) have tagged PayPal Holdings, Inc. (PYPL) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 3.9, which symbolizes a positive outlook. A quick review shows that PYPL’s price is currently 3.71% off the SMA20 and 13.28% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.62, and weekly volatility stands at 2.74%. When measured over the past 30 days, the indicator reaches 2.7%. PayPal Holdings, Inc. (NASDAQ:PYPL)’s beta value is currently sitting at 1.14, while the Average True Range indicator is currently displaying 6.77. With analysts defining $155-$312 as the low and high price targets, we arrive at a consensus price target of $239.97 for the trailing 12-month period. The current price is about -36.17% off the estimated low and 28.49% off the forecast high, based on this estimate. Investors will be thrilled if PYPL’s share price rises to $235, which is the median consensus price. At that level, PYPL’s share price would be -3.22% above current price.
To see how PayPal Holdings, Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: PYPL stock’s performance was +2.18% at last check in today’s session, and +106.14% in the past year, while Square (SQ) has been trading +1.19% in recent session and positioned +231.37% higher than it was a year ago. Another comparable company Zoom Video Communications Cl A (ZM) saw its stock trading 4.37% higher in today’s session but was up +381.98% in a year. Furthermore, Snap Inc (SNAP) showed an increase of 2.18% today while its price kept rising at 106.14% over the past year. PayPal Holdings, Inc. has a P/E ratio of 89.74, compared to Square’s 491.4 and Zoom Video Communications Cl A’s 248.47. Also during today’s trading, the S&P 500 Index has surged 0.18%, while the Dow Jones Industrial also saw a negative seesion, down -0.08% today.
An evaluation of the daily trading volume of PayPal Holdings, Inc. (NASDAQ:PYPL) indicates that the 3-month average is 9.05 Million. However, this figure has declined over the past 10 days to an average of 6.5 Million.
Currently, records show that 1.17 Billion of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0.1% of outstanding shares, whereas institutions hold 85.54%. The stats also highlight that short interest as of December 30, 2020, stood at 13.78 Million shares, resulting in a short ratio of 1.85 at that time. From this, we can conclude that short interest is 1.18% of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 17Million. However, since the stock’s price has seen +1.47% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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