Paymentus Holdings Inc (NYSE:PAY) shares, rose in value on Friday, November 22, with the stock price up by 0.36% to the previous day’s close as strong demand from buyers drove the stock to $36.44.
Actively observing the price movement in the last trading, the stock closed the session at $36.31, falling within a range of $35.7407 and $36.97. The PE ratio was 114.63 over 12-month period. Referring to stock’s 52-week performance, its high was $37.00, and the low was $14.77. On the whole, PAY has fluctuated by 44.32% over the past month.
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With the market capitalization of Paymentus Holdings Inc currently standing at about $4.54 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 837.48M, with a low estimate of 217.5M and a high estimate of 220M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 218.48M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PAY’s technical picture suggests that short-term indicators denote the stock is a 100% 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 3.70, with the price of PAY currently trading nearly 24.20% and 44.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.72, while the 7-day volatility ratio is showing 4.50% which for the 30-day chart, stands at 5.97%. Furthermore, Paymentus Holdings Inc (PAY)’s beta value is 1.56, and its average true range (ATR) is 1.77.
A comparison of Paymentus Holdings Inc (PAY) with its peers suggests the former has fared considerably weaker in the market. PAY showed an intraday change of 0.36% in last session, and over the past year, it grew by 127.61%%.
Data on historical trading for Paymentus Holdings Inc (NYSE:PAY) indicates that the trading volumes over the past 10 days have averaged 0.73 and over the past 3 months, they’ve averaged 285.93K. According to company’s latest data on outstanding shares, there are 20.76 million shares outstanding.
Nearly 84.41% of Paymentus Holdings Inc’s shares belong to company insiders and institutional investors own 12.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.36 million shares as on 2024-10-31, resulting in a short ratio of 1.43. According to the data, the short interest in Paymentus Holdings Inc (PAY) stood at 268.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 0.24 million. The stock has risen by 103.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PAY stock heading into the next quarter.
