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Corpay Inc. (CPAY) – Don’t Be So Quick to Call it Dead

Corpay Inc. (NYSE: CPAY) is 0.22% higher on its value in year-to-date trading and has touched a low of $220.39 and a high of $319.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CPAY stock was last observed hovering at around $304.50 in the last trading session, with the day’s loss setting it -21.28%.

Currently trading at $283.22, the stock is -5.93% and -5.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -6.99% at the moment leaves the stock 4.38% off its SMA200. CPAY registered 22.64% gain for a year compared to 6-month gain of 21.33%.

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The stock witnessed a -6.77% loss in the last 1 month and extending the period to 3 months gives it a 6.83%, and is -5.26% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.65% over the week and 2.15% over the month.

Corpay Inc. (CPAY) has around 10500 employees, a market worth around $20.35B and $3.79B in sales. Current P/E ratio is 21.08 and Fwd P/E is 12.68. Profit margin for the company is 26.29%. Distance from 52-week low is 28.51% and -11.48% from its 52-week high. The company has generated returns on investments over the last 12 months (12.28%).

The EPS is expected to grow by 13.03% this year

The shares outstanding are 71.72M, and float is at 69.45M with Short Float at 2.73%.

Corpay Inc. (CPAY) Insider Activity

The most recent transaction is an insider sale by King Alan, the company’s Group President, Global Fleet. SEC filings show that King Alan sold 7,004 shares of the company’s common stock on Mar 07 ’24 at a price of $290.45 per share for a total of $2.03 million. Following the sale, the insider now owns 19114.0 shares.

Corpay Inc. disclosed in a document filed with the SEC on Mar 07 ’24 that Vickery Alissa B (Chief Accounting Officer) sold a total of 2,794 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $290.31 per share for $0.81 million. Following the transaction, the insider now directly holds 1885.0 shares of the CPAY stock.

Still, SEC filings show that on Mar 05 ’24, Clarke Ronald (CEO & Chairman of BOD) disposed off 118,428 shares at an average price of $281.84 for $33.38 million. The insider now directly holds 2,023,491 shares of Corpay Inc. (CPAY).

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