Payoneer Global Inc (NASDAQ: PAYO) is 98.27% higher on its value in year-to-date trading and has touched a low of $4.22 and a high of $10.90 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 PAYO stock was last observed hovering at around $10.32 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $10.33, the stock is 11.48% and 24.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.0 million and changing 0.10% at the moment leaves the stock 66.84% off its SMA200. PAYO registered 81.23% gain for a year compared to 6-month gain of 76.28%. The firm has a 50-day simple moving average (SMA 50) of $8.2058 and a 200-day simple moving average (SMA200) of $6.1633.
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The stock witnessed a 27.53% loss in the last 1 month and extending the period to 3 months gives it a 44.68%, and is -3.28% 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 3.89% over the week and 3.66% over the month.
Payoneer Global Inc (PAYO) has around 2167 employees, a market worth around $3.68B and $940.30M in sales. Current P/E ratio is 29.89 and Fwd P/E is 33.79. Profit margin for the company is 13.82%. Distance from 52-week low is 144.79% and -5.23% from its 52-week high. The company has generated returns on investments over the last 12 months (17.46%).
The EPS is expected to grow by 40.48% this year
304.0 institutions hold shares in Payoneer Global Inc (PAYO), with institutional investors hold 94.11% of the company’s shares. The shares outstanding are 357.59M, and float is at 279.02M with Short Float at 3.56%. Institutions hold 88.85% of the Float.
The top institutional shareholder in the company is TECHNOLOGY CROSSOVER MANAGEMENT VIII, LTD. with over 41.7 million shares valued at $231.0 million. The investor’s holdings represent 11.6049 of the PAYO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 36.13 million shares valued at $200.18 million to account for 10.0564 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 30.61 million shares representing 8.5191 and valued at over $169.58 million, while TEMASEK HOLDINGS (PRIVATE) LTD holds 5.6337 of the shares totaling 20.24 million with a market value of $112.14 million.
Payoneer Global Inc (PAYO) Insider Activity
The most recent transaction is an insider sale by Technology Crossover Managemen, the company’s May be part of a 13(d) group. SEC filings show that Technology Crossover Managemen sold 7,500,000 shares of the company’s common stock on Nov 11 ’24 at a price of $10.32 per share for a total of $77.4 million. Following the sale, the insider now owns 34.2 million shares.
Still, SEC filings show that on Nov 11 ’24, TCV VIII (B), L.P. (Affiliate) Proposed Sale 331,491 shares at an average price of $10.81 for $3.58 million. The insider now directly holds shares of Payoneer Global Inc (PAYO).
