PayPay (NASDAQ:PAYP) Reaches New 12-Month Low – Time to Sell?

PayPay Corporation (NASDAQ:PAYP)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $12.07 and last traded at $13.72, with a volume of 2273379 shares traded. The stock had previously closed at $12.37.

Wall Street Analyst Weigh In

PAYP has been the topic of several recent research reports. Mizuho initiated coverage on shares of PayPay in a research report on Monday, April 6th. They issued an “outperform” rating and a $26.00 price target on the stock. Bank of America started coverage on PayPay in a report on Monday, April 6th. They set a “buy” rating and a $26.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on PayPay in a research note on Wednesday, April 8th. They issued an “overweight” rating and a $25.00 price objective for the company. Cantor Fitzgerald began coverage on PayPay in a research report on Monday, April 6th. They set an “overweight” rating and a $25.00 target price on the stock. Finally, Wall Street Zen upgraded PayPay to a “hold” rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.73.

PayPay Stock Up 10.9%

The company’s 50-day moving average price is $18.41. The stock has a market capitalization of $9.17 billion and a P/E ratio of 105.54.

PayPay (NASDAQ:PAYP) last released its quarterly earnings results on Wednesday, May 6th. The fintech company reported $0.13 earnings per share 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.