Repay Holdings Corporation (NASDAQ: RPAY): Forecast Strong In 2024, Up 26.20%

The trading price of Repay Holdings Corporation (NASDAQ:RPAY) floating higher at last check on Wednesday, July 17, closing at $9.99, 1.78% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $11.27 and a 52-week low of $5.63. Over the past month, the stock has lost -5.71% in value.

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Repay Holdings Corporation, whose market valuation is $957.42 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest RPAY has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

A quick review shows that RPAY’s price is currently -0.97% off the SMA20 and -2.00% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.16, and weekly volatility stands at 3.00%. When measured over the past 30 days, the indicator reaches 3.80%. Repay Holdings Corporation (NASDAQ:RPAY)’s beta value is currently sitting at 1.41, while the Average True Range indicator is currently displaying 0.43.

To see how Repay Holdings Corporation stock has been performing today in comparison to its peers in the industry, here are the numbers: RPAY stock’s performance was 1.78% at last check in today’s session, and 26.20% in the past year.

An evaluation of the daily trading volume of Repay Holdings Corporation (NASDAQ:RPAY) indicates that the 3-month average is 1.03 million.

Currently, records show that 90.80 million of the company’s shares remain outstanding. The insiders hold 16.34% of outstanding shares, whereas institutions hold 79.48%. However, since the stock’s price has seen 17.04% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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