PayPal Holdings Inc (NASDAQ:PYPL) shares, rose in value, with the stock price up by 0.95% to the previous day’s close as strong demand from buyers drove the stock to $65.15.
Actively observing the price movement in the last trading, the stock closed the session at $64.54. The value of beta (5-year monthly) was 1.44 whereas the PE ratio was 16.93 over 12-month period. Referring to stock’s 52-week performance, its high was $77.95, and the low was $50.25. On the whole, PYPL has fluctuated by 12.10% over the past month.
With the market capitalization of PayPal Holdings Inc currently standing at about $69.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 06, 2024 – May 10, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.21, which is expected to increase to $1.31 for fiscal year $5.07 and then to about $5.6 by fiscal year 2025. Data indicates that the EPS growth is expected to be -0.60% in 2025, while the next year’s EPS growth is forecast to be 10.50%.
Analysts have estimated the company’s revenue for the quarter at $7.51 billion, with a low estimate of $7.47 billion and a high estimate of $7.65 billion. According to the average forecast, sales growth in current quarter could jump up 6.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $31.86 billion, representing an increase of 7.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PYPL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.86, with the price of PYPL currently trading nearly 2.20% and 5.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.75, while the 7-day volatility ratio is showing 2.53% which for the 30-day chart, stands at 2.71%. Furthermore, PayPal Holdings Inc (PYPL)’s beta value is 1.44, and its average true range (ATR) is 1.79.
A comparison of PayPal Holdings Inc (PYPL) with its peers suggests the former has fared considerably weaker in the market. PYPL showed an intraday change of 0.95% in last session, and over the past year, it shrunk by -13.43%%.
Data on historical trading for PayPal Holdings Inc (NASDAQ:PYPL) indicates that the trading volumes over the past 10 days have averaged 10.79 million and over the past 3 months, they’ve averaged 17.80 million. According to company’s latest data on outstanding shares, there are 1.07 billion shares outstanding.
Nearly 0.89% of PayPal Holdings Inc’s shares belong to company insiders and institutional investors own 69.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 22.95 million shares as on Mar 15, 2024, resulting in a short ratio of 1.49. According to the data, the short interest in PayPal Holdings Inc (PYPL) stood at 2.14% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 21.28 million. The stock has risen by 6.09% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PYPL stock heading into the next quarter.
