PayPay (NASDAQ:PAYP) Trading Down 6.1% – Should You Sell?

PayPay Corporation (NASDAQ:PAYP)’s stock price was down 6.1% during trading on Wednesday . The stock traded as low as $14.87 and last traded at $14.8650. 173,952 shares were traded during trading, a decline of 90% from the average session volume of 1,656,847 shares. The stock had previously closed at $15.83.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of PayPay from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 1st. Bank of America assumed coverage on shares of PayPay in a report on Monday, April 6th. They set 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 objective for the company. JPMorgan Chase & Co. started coverage on PayPay in a research report on Wednesday, April 8th. They set an “overweight” rating and a $25.00 target price for the company. Finally, Jefferies Financial Group began coverage on PayPay in a report on Monday, April 6th. They set a “buy” rating and a $28.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PayPay currently has an average rating of “Moderate Buy” and an average target price of $25.73.

PayPay Stock Performance

The stock has a market cap of $9.94 billion and a PE ratio of 114.35. The business has a fifty day moving average of $17.07.

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 analysts’ consensus estimates of $0.10 by $0.03. The firm 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.