PayPal Holdings Inc (NASDAQ:PYPL) price on Wednesday, November 13, rose 1.05% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $87.31.
A look at the stock’s price movement, the close in the last trading session was $86.40, moving within a range at $86.08 and $87.9. The beta value (5-Year monthly) was 1.436 while the PE ratio in trailing twelve months stood at 20.86. Turning to its 52-week performance, $87.92 and $53.98 were the 52-week high and 52-week low respectively. Overall, PYPL moved 9.75% over the past month.
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PayPal Holdings Inc’s market cap currently stands at around $87.53 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 8.27B for the company’s revenue for the quarter, with a low and high estimate of 8.1B and 8.56B respectively. The average forecast suggests up to a 10.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 31.71B, representing a 14.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PYPL is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
30 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 12 analyst(s) rate the stock as a Hold, 18 recommend PYPL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 1.74, with PYPL’s current price about 7.22% and 11.58% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.42, while 7-day volatility ratio is 2.75% and 2.41% in the 30-day chart. Further, PayPal Holdings Inc (PYPL) has a beta value of 1.44, and an average true range (ATR) of 2.22. Analysts have given the company’s stock an average 52-week price target of $90, forecast between a low of $62 and high of $290. Looking at the price targets, the low is 28.99% off current price level while to achieve the yearly target high, price needs to move -232.15%. Nonetheless, investors will most likely welcome a -3.08% jump to $90 which is the analysts’ median price.
If we refocus on PayPal Holdings Inc (NASDAQ:PYPL), historical trading data shows that trading volumes averaged 11.53 over the past 10 days and 11.02 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.07 billion shares.
The 0.35% of PayPal Holdings Inc’s shares are in the hands of company insiders while institutional holders own 73.55% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 22.3 million on 2024-10-31, giving us a short ratio of 2.22. The data shows that as of 2024-10-31 short interest in PayPal Holdings Inc (PYPL) stood at 223.0 of shares outstanding, with shares short falling to 23.15 million registered in 2024-09-30. Current price change has pushed the stock 42.18% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PYPL stock continues to rise going into the next quarter.
