PayPay (NASDAQ:PAYP) Reaches New 52-Week Low – Should You Sell?

Shares of PayPay Corporation (NASDAQ:PAYP) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $15.33 and last traded at $15.26, with a volume of 772577 shares. The stock had previously closed at $15.74.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PAYP shares. Weiss Ratings started coverage on PayPay in a research note on Wednesday. They set a “sell (d+)” rating for the company. Deutsche Bank Aktiengesellschaft started coverage on PayPay in a research report on Monday, April 6th. They set a “hold” rating and a $20.00 target price for the company. Mizuho started coverage on PayPay in a research report on Monday, April 6th. They set an “outperform” rating and a $26.00 target price for the company. Cantor Fitzgerald started coverage on PayPay in a research report on Monday, April 6th. They set an “overweight” rating and a $25.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on PayPay in a research report on Wednesday, April 8th. They set an “overweight” rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.73.

PayPay Stock Down 4.2%

The company has a 50-day simple moving average of $20.02.

PayPay (NASDAQ:PAYP) last released its quarterly earnings results on Wednesday, May 6th. The fintech company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $644.33 million during the quarter.

About PayPay

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.