In last trading session, Paysafe Limited (NYSE:PSFE) saw 2.96 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.36 trading at $0.01 or 0.74% at ring of the bell on the day assigns it a market valuation of $1.05B. That closing price of PSFE’s stock is at a discount of -222.79% from its 52-week high price of $4.39 and is indicating a premium of 14.71% from its 52-week low price of $1.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.56 million shares which gives us an average trading volume of 3.75 million if we extend that period to 3-months.
For Paysafe Limited (PSFE), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.10. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 1 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
Paysafe Limited (NYSE:PSFE) trade information
Upright in the green during last session for gaining 0.74%, in the last five days PSFE remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $1.36 price level, adding 19.05% to its value on the day. Paysafe Limited’s shares saw a change of -65.22% in year-to-date performance and have moved -19.05% in past 5-day. Paysafe Limited (NYSE:PSFE) showed a performance of -6.85% in past 30-days. Number of shares sold short was 19.88 million shares which calculate 6.8 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $2.44 to the stock, which implies a rise of 44.26% to its current value. Analysts have been projecting $1.30 as a low price target for the stock while placing it at a high target of $6.00. It follows that stock’s current price would drop -341.18% in reaching the projected high whereas dropping to the targeted low would mean a gain of 4.41% for stock’s current value.
Paysafe Limited (PSFE) estimates and forecasts
The company is estimating its revenue growth to increase by 100.00% in the current quarter and calculating -91.70% decrease in the next quarter. This year revenue growth is estimated to fall -0.70% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $355.94 million for the same. And 7 analysts are in estimates of company making revenue of $373.99 million in the next quarter that will end on Dec 2022.
Paysafe Limited is more likely to be releasing its next quarterly report on November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Paysafe Limited (NYSE:PSFE)’s Major holders
Insiders are in possession of 24.80% of company’s total shares while institution are holding 65.51 percent of that, with stock having share float percentage of 87.12%. Investors also watch the number of corporate investors in a company very closely, which is 65.51% institutions for Paysafe Limited that are currently holding shares of the company. Blackstone Inc is the top institutional holder at PSFE for having 130.98 million shares of worth $255.4 million. And as of Jun 29, 2022, it was holding 18.06% of the company’s outstanding shares.
The second largest institutional holder is Cannae Holdings, Inc., which was holding about 59.76 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 8.24% of outstanding shares, having a total worth of $116.53 million.
On the other hand, iShares Russell 2000 ETF and iShares Russell 2000 Value ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2022, the former fund manager was holding 7.48 million shares of worth $10.32 million or 1.03% of the total outstanding shares. The later fund manager was in possession of 3.53 million shares on Sep 29, 2022, making its stake of worth around $4.87 million in the company or a holder of 0.49% of company’s stock.