PayPay (NASDAQ:PAYP) Trading Up 9.6% – What’s Next?
by Doug Wharley · The Cerbat GemPayPay Corporation (NASDAQ:PAYP – Get Free Report) was up 9.6% during trading on Monday . The company traded as high as $13.63 and last traded at $13.5550. Approximately 1,524,882 shares changed hands during trading, a decline of 11% from the average daily volume of 1,717,425 shares. The stock had previously closed at $12.37.
Analyst Ratings Changes
A number of brokerages have recently issued reports on PAYP. Cantor Fitzgerald started coverage on shares of PayPay in a research note on Monday, April 6th. They issued an “overweight” rating and a $25.00 price objective for the company. Zacks Research raised PayPay to a “hold” rating in a report on Thursday, June 11th. Citigroup started coverage on PayPay in a research note on Monday, April 6th. They issued a “neutral” rating and a $23.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of PayPay in a report on Wednesday, April 8th. They issued an “overweight” rating and a $25.00 target price on the stock. Finally, Wolfe Research started coverage on shares of PayPay in a research note on Monday, April 6th. They set an “outperform” rating and a $26.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PayPay currently has an average rating of “Moderate Buy” and an average price target of $25.73.
Check Out Our Latest Stock Report on PayPay
PayPay Trading Down 4.4%
The business’s fifty day moving average is $18.30. The stock has a market cap of $9.34 billion and a price-to-earnings ratio of 107.38.
PayPay (NASDAQ:PAYP – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The fintech company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $644.33 million for the quarter.
PayPay Company Profile
As Japan’s leading financial technology company, we are dedicated to our goal of becoming a digital finance platform for all. We strive to empower the everyday lives of users and businesses by transforming their smartphones into a comprehensive, easy-to-use, and accessible financial platform that centralizes and simplifies numerous daily activities for ultimate convenience. Through a seamless ecosystem of payment, financial and everyday services, we have served as a game-changer in driving the shift to a cashless and digitally empowered economy.