The stock of PaySign Inc. (NASDAQ:PAYS) last traded at $3.20, up 4.23% from the previous session.
PAYS stock price is now 21.39% away from the 50-day moving average and 45.00% away from the 200-day moving average. The market capitalization of the company currently stands at $160.42M.
With the price target of $4, Barrington Research recently initiated with Mkt Perform rating for PaySign Inc. (NASDAQ: PAYS). , while ‘DA Davidson’ rates the stock as ‘Buy’.
In other news, Strobo Robert, Chief Legal Officer sold 2 shares of the company’s stock on Nov 03. The stock was sold for $5 at an average price of $2.26. Upon completion of the transaction, the Chief Legal Officer now directly owns 113,849 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 02, Chief Legal Officer Strobo Robert sold 16,201 shares of the business’s stock. A total of $38,283 was realized by selling the stock at an average price of $2.36. This leaves the insider owning 113,851 shares of the company worth $0.36 million. Insiders disposed of 49,476 shares of company stock worth roughly $0.16 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PAYS stock. A new stake in PaySign Inc. shares was purchased by EAM INVESTORS, LLC during the first quarter worth $1,632,000. BOOTHBAY FUND MANAGEMENT, LLC invested $757,000 in shares of PAYS during the first quarter. In the first quarter, G2 INVESTMENT PARTNERS MANAGEMENT LLC acquired a new stake in PaySign Inc. valued at approximately $356,000. O’SHAUGHNESSY ASSET MANAGEMENT, LLC acquired a new stake in PAYS for approximately $90,000. QUADRATURE CAPITAL LTD purchased a new stake in PAYS valued at around $49,000 in the second quarter. In total, there are 54 active investors with 18.00% ownership of the company’s stock.
With an opening price of $3.0700 on Friday morning, PaySign Inc. (NASDAQ: PAYS) set off the trading day. During the past 12 months, PaySign Inc. has had a low of $1.15 and a high of $3.27. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for PAYS is $2.6514 and a two-hundred day moving average price translates $2.2127 for the stock.
The latest earnings results from PaySign Inc. (NASDAQ: PAYS) was released for Jun, 2022. According to the Specialty Business Services Company, earnings per share came in at $0, beating analysts’ expectations of -$0.01 by 0.01. This compares to -$0.01 EPS in the same period last year. The net profit margin was 1.20% and return on equity was 3.10% for PAYS. The company reported revenue of $10.6 million for the quarter, compared to $7.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.42 percent. For the current quarter, analysts expect PAYS to generate $9.98M in revenue.
PaySign Inc.(PAYS) Company Profile
PaySign, Inc. provides prepaid card products and processing services under the PaySign brand for corporate, consumer, and government applications. It offers various services, such as transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service through PaySign, a proprietary card-processing platform. The company also develops prepaid card programs for corporate incentive and rewards, including consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments, and pharmaceutical payment assistance; and payroll or general purpose reloadable cards, as well as gift or incentive cards. In addition, it offers and Per Diem/Corporate Expense Payments that allows businesses, and nonprofits and government agencies the ability to control employee spending while reducing administration costs by eliminating the need for traditional expense reports. Further, the company provides payment claims processing and other administrative services; pharmacy-based voucher and copay, and medical claims and debit-based affordability programs; PaySign Premier, a demand deposit account debit card; and payment solution for source plasma collection centers, as well as customer service center and PaySign Communications Suite services. Its principal target markets for processing services comprise prepaid card issuers, retail and private-label issuers, small third-party processors, and small and mid-size financial institutions in the United States and Mexico. The company was formerly known as 3PEA International, Inc. and changed its name to PaySign, Inc. in April 2019. PaySign, Inc. was incorporated in 1995 and is based in Henderson, Nevada.