PayPal Holdings Inc (NASDAQ:PYPL) shares, rose in value, with the stock price up by 1.38% to the previous day’s close as strong demand from buyers drove the stock to $79.30.
Actively observing the price movement in the last trading, the stock closed the session at $78.22, falling within a range of $78.38 and $79.82. The value of beta (5-year monthly) was 1.441 whereas the PE ratio was 18.95 over 12-month period. Referring to stock’s 52-week performance, its high was $83.70, and the low was $50.80. On the whole, PYPL has fluctuated by 2.40% over the past month.
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With the market capitalization of PayPal Holdings Inc currently standing at about $79.50 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 31.78B, with a low estimate of 8.1B and a high estimate of 8.64B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.3B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PYPL’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.75, with the price of PYPL currently trading nearly -1.52% and 3.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.72, while the 7-day volatility ratio is showing 2.77% which for the 30-day chart, stands at 2.22%. Furthermore, PayPal Holdings Inc (PYPL)’s beta value is 1.44, and its average true range (ATR) is 2.17.
A comparison of PayPal Holdings Inc (PYPL) with its peers suggests the former has fared considerably weaker in the market. PYPL showed an intraday change of 1.38% in last session, and over the past year, it grew by 53.09%%.
Data on historical trading for PayPal Holdings Inc (NASDAQ:PYPL) indicates that the trading volumes over the past 10 days have averaged 12.54 and over the past 3 months, they’ve averaged 11.62 million. According to company’s latest data on outstanding shares, there are 1.07 billion shares outstanding.
Nearly 0.35% of PayPal Holdings Inc’s shares belong to company insiders and institutional investors own 71.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 24.22 million shares as on 2024-10-15, resulting in a short ratio of 2.19. According to the data, the short interest in PayPal Holdings Inc (PYPL) stood at 237.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 23.58 million. The stock has risen by 29.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PYPL stock heading into the next quarter.
