PayPay (NASDAQ:PAYP) Hits New 1-Year Low – Here’s What Happened

PayPay Corporation (NASDAQ:PAYP)’s share price reached 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 trading hands. The stock had previously closed at $15.74.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of PayPay in a research note on Tuesday, April 7th. They issued a “buy” rating and a $29.00 price target on the stock. Citigroup assumed coverage on shares of PayPay in a research note on Monday, April 6th. They issued a “neutral” rating and a $23.00 price target on the stock. Wall Street Zen raised shares of PayPay to a “hold” rating in a research note on Saturday, March 21st. Morgan Stanley assumed coverage on shares of PayPay in a research note on Monday, April 6th. They issued an “equal weight” rating and a $24.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of PayPay in a research note on Monday, April 6th. They issued a “hold” rating and a $20.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.73.

PayPay Stock Performance

The business has a 50 day moving average of $20.21.

PayPay (NASDAQ:PAYP) last announced its 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 business had revenue of $644.33 million for 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.