PayPay (NASDAQ:PAYP) Hits New 1-Year Low – Here’s What Happened

PayPay Corporation (NASDAQ:PAYP)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $15.33 and last traded at $15.26, with a volume of 772577 shares. The stock had previously closed at $15.74.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PAYP shares. Wolfe Research began coverage on shares of PayPay in a research report on Monday, April 6th. They set an “outperform” rating and a $26.00 price target on the stock. Cantor Fitzgerald started coverage on shares of PayPay in a research report on Monday, April 6th. They set an “overweight” rating and a $25.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of PayPay in a research report on Wednesday, April 8th. They set an “overweight” rating and a $25.00 price target on the stock. Wall Street Zen upgraded shares of PayPay to a “hold” rating in a research report on Saturday, March 21st. Finally, Morgan Stanley started coverage on shares of PayPay in a research report on Monday, April 6th. They set an “equal weight” rating and a $24.00 price target on the stock. One equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.73.

PayPay Stock Performance

The stock has a 50 day moving average price of $20.21.

PayPay (NASDAQ:PAYP) last issued its earnings results on Wednesday, May 6th. The fintech company reported $0.13 EPS 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.