PayPay (NASDAQ:PAYP) Reaches New 12-Month Low – Here’s What Happened

PayPay Corporation (NASDAQ:PAYP) reached a new 52-week low during mid-day trading on Wednesday . The stock 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 Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings lowered PayPay from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Morgan Stanley assumed coverage on PayPay in a research report on Monday, April 6th. They issued an “equal weight” rating and a $24.00 target price for the company. Wolfe Research initiated coverage on PayPay in a research note on Monday, April 6th. They set an “outperform” rating and a $26.00 price target on the stock. The Goldman Sachs Group assumed coverage on PayPay in a research report on Tuesday, April 7th. They set a “buy” rating and a $29.00 price target on the stock. Finally, Mizuho started coverage on PayPay in a research report on Monday, April 6th. They set an “outperform” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PayPay presently has an average rating of “Moderate Buy” and a consensus price target of $25.73.

PayPay Price Performance

The firm has a market capitalization of $8.27 billion and a P/E ratio of 95.15. The stock has a 50-day simple moving average of $18.72.

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.

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.