PayPal Holdings Inc (NASDAQ:PYPL) shares, rose in value, with the stock price up by 0.64% to the previous day’s close as strong demand from buyers drove the stock to $64.84.
Actively observing the price movement in the last trading, the stock closed the session at $64.43. The PE ratio was 16.85 over 12-month period. Referring to stock’s 52-week performance, its high was $76.54, and the low was $50.25. On the whole, PYPL has fluctuated by -1.76% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 31.81B, with a low estimate of 7.46B and a high estimate of 7.67B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.51B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.35, with the price of PYPL currently trading nearly 0.00% and 3.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.55, while the 7-day volatility ratio is showing 2.09% which for the 30-day chart, stands at 2.32%. Furthermore, PayPal Holdings Inc (PYPL)’s beta value is 1.44, and its average true range (ATR) is 1.59.
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 0.64% in last session, and over the past year, it shrunk by -12.72%%.
Data on historical trading for PayPal Holdings Inc (NASDAQ:PYPL) indicates that the trading volumes over the past 3 months, they’ve averaged 15.41 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 70.38% of the company’s shares. The stock has risen by 5.59% 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.
