Payfare (TSE:PAY) Stock Price Expected to Rise, Raymond James Analyst Says

Payfare (TSE:PAY) had its price objective hoisted by Raymond James from C$3.00 to C$4.00 in a research report report published on Monday,BayStreet.CA reports. They currently have a market perform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. B. Riley cut Payfare from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Cantor Fitzgerald raised Payfare to a “strong-buy” rating in a report on Thursday, October 3rd.

Payfare Stock Performance

TSE PAY opened at C$3.84 on Monday. The stock has a market cap of C$184.24 million, a PE ratio of 9.60 and a beta of 1.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.32 and a current ratio of 1.22. The firm has a 50-day moving average of C$2.37 and a 200-day moving average of C$4.90. Payfare has a 52-week low of C$1.76 and a 52-week high of C$8.90.

Payfare Company Profile

Payfare Inc, a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, funds transfers, bill payments, and savings wallets; Paid Portal by Payfare, a payout solution for gig workforces; and Paid App by Payfare, a digital banking app.