The time has not yet come to remove your chips from the table: PaySign Inc. (PAYS)

PaySign Inc. (NASDAQ: PAYS) stock jumped 4.31% on Monday to $3.39 against a previous-day closing price of $3.25. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 81420.0 shares. During the session, the Specialty Business Services company that operates in wider Industrials sector, reached to the highest price of $3.5500 whereas the lowest price it dropped to was $3.2100. The 52-week range on PAYS shows that it touched its highest point at $3.27 and its lowest point at $1.15 during that stretch. It currently has a 1-year price target of $3.81. Beta for the stock currently stands at 0.94.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PAYS was up-trending over the past week, with a rise of 5.94%, but this was up by 26.49% over a month. Three-month performance surged to 59.91% while six-month performance rose 83.24%. The stock gained 82.26% in the past year, while it has gained 31.40% so far this year. A look at the trailing 12-month EPS for PAYS yields 0.01 with Next year EPS estimates of 0.04. For the next quarter, that number is 0.01. This implies an EPS growth rate of 71.20% for this year and 184.62% for next year.

Float and Shares Shorts:

At present, 52.14 million PAYS shares are outstanding with a float of 31.91 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.42 million, which was 0.80% higher than short shares on Sep 14, 2022. In addition to Mr. Mark R. Newcomer as the firm’s Co-Founder, Chairman & CEO, Mr. Jeffery B. Baker serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 16.84% of PAYS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.10% of PAYS, in contrast to 39.01% held by mutual funds. Shares owned by individuals account for 13.91%. As the largest shareholder in PAYS with 5.06% of the stake, Topline Capital Management LLC holds 2,644,279 shares worth 2,644,279. A second-largest stockholder of PAYS, The Vanguard Group, Inc., holds 1,429,213 shares, controlling over 2.74% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in PAYS, holding 1,144,833 shares or 2.19% stake. With a 2.06% stake in PAYS, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,077,060 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.95% of PAYS stock, is the second-largest Mutual Fund holder. It holds 496,392 shares valued at 1.28 million. Fidelity Extended Market Index Fu holds 0.30% of the stake in PAYS, owning 155,908 shares worth 0.4 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PAYS since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PAYS analysts setting a high price target of $4.25 and a low target of $3.50, the average target price over the next 12 months is $3.81. Based on these targets, PAYS could surge 25.37% to reach the target high and rise by 3.24% to reach the target low. Reaching the average price target will result in a growth of 12.39% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PAYS will report FY 2022 earnings on 03/20/2024. Analysts have provided yearly estimates in a range of $0.02 being high and $0.01 being low. For PAYS, this leads to a yearly average estimate of $0.02. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. PaySign Inc. surprised analysts by $0.01 when it reported $0.02 EPS against a consensus estimate of $0.01. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.01.

Summary of Insider Activity:

Insiders traded PAYS stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 40,000 shares were bought while 16,203 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 320,000 while 49,476 shares were sold.

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