PayPay (NASDAQ:PAYP) Reaches New 52-Week Low – What’s Next?

PayPay Corporation (NASDAQ:PAYP) hit a new 52-week low on Thursday . The stock traded as low as $13.40 and last traded at $13.45, with a volume of 1152686 shares. The stock had previously closed at $14.59.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on PayPay in a report on Monday, April 6th. They issued a “buy” rating and a $28.00 price target on the stock. Bank of America assumed coverage on PayPay in a report on Monday, April 6th. They issued a “buy” rating and a $26.00 price target on the stock. Morgan Stanley assumed coverage on PayPay in a report on Monday, April 6th. They issued an “equal weight” rating and a $24.00 price target on the stock. Cantor Fitzgerald assumed coverage on PayPay in a report on Monday, April 6th. They issued an “overweight” rating and a $25.00 price target on the stock. Finally, Wall Street Zen upgraded PayPay to a “hold” rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.73.

PayPay Stock Down 7.8%

The stock has a fifty day simple moving average of $19.56.

PayPay (NASDAQ:PAYP) last released its quarterly earnings data 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 firm 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.