In the last trading session, 1.48 million shares of the PaySign Inc (NASDAQ:PAYS) were traded, and its beta was 1.09. Most recently the company’s share price was $3.66, and it changed around -$0.34 or -8.50% from the last close, which brings the market valuation of the company to $193.87M. PAYS currently trades at a discount to its 52-week high of $4.53, offering almost -23.77% off that amount. The share price’s 52-week low was $1.67, which indicates that the current value has risen by an impressive 54.37% since then. We note from PaySign Inc’s average daily trading volume that its 10-day average is 1.61 million shares, with the 3-month average coming to 351.71K.
PaySign Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended PAYS as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. PaySign Inc is expected to report earnings per share of $0 for the current quarter.
PaySign Inc (NASDAQ:PAYS) trade information
Instantly PAYS has showed a red trend with a performance of -8.50% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 30.71% year-to-date, but still up 12.62% over the last five days. On the other hand, PaySign Inc (NASDAQ:PAYS) is 20.00% up in the 30-day period. We can see from the shorts that 0.9 million shares have been sold at a short interest cover period of 6.87 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 8.5% from its current value. Analyst projections state that PAYS is forecast to be at a low of $4 and a high of $4.
PaySign Inc (PAYS) estimates and forecasts
PaySign Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 86.73 percent over the past six months and at a -58.30% annual growth rate that is well below the industry average of 12.60%. The year-over-year growth rate is expected to be 17.90%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $12.39 million in revenue for the current quarter. 3 analysts expect PaySign Inc to make $13.2 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $10.25 million and $11.04 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 20.90%. Forecasts for the next quarter put sales growth at 19.60%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 19.26%.
PAYS Dividends
PaySign Inc’s next quarterly earnings report is expected to be released on March 26.
PaySign Inc (NASDAQ:PAYS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 38.47% of PaySign Inc shares, and 28.57% of them are in the hands of institutional investors. The stock currently has a share float of 46.44%. PaySign Inc stock is held by 86 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2023, it held 3.39% of the shares, which is about 1.79 million shares worth $4.39 million.
Vanguard Group Inc, with 2.97% or 1.57 million shares worth $3.84 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Jun 29, 2023. The former held 0.83 million shares worth $2.02 million, making up 1.56% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 0.6 million shares worth around $1.34 million, which represents about 1.13% of the total shares outstanding.
