PayPay (NASDAQ:PAYP) Hits New 52-Week Low – Time to Sell?

PayPay Corporation (NASDAQ:PAYP)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $12.95 and last traded at $13.02, with a volume of 1008118 shares trading hands. The stock had previously closed at $13.38.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PAYP. Deutsche Bank Aktiengesellschaft assumed coverage on shares of PayPay in a report on Monday, April 6th. They set a “hold” rating and a $20.00 price target for the company. Bank of America began coverage on shares of PayPay in a research report on Monday, April 6th. They set a “buy” rating and a $26.00 target price on the stock. Citigroup began coverage on shares of PayPay in a research note on Monday, April 6th. They issued a “neutral” rating and a $23.00 target price for the company. Benchmark started coverage on PayPay in a report on Monday, April 6th. They issued a “buy” rating and a $31.00 price target for the company. Finally, Cantor Fitzgerald began coverage on PayPay in a report on Monday, April 6th. They set an “overweight” rating and a $25.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PayPay has an average rating of “Moderate Buy” and an average price target of $25.73.

PayPay Trading Down 4.3%

The firm has a 50-day moving average of $18.99.

PayPay (NASDAQ:PAYP) last issued 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 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.