PayPay (NASDAQ:PAYP) Hits New 12-Month Low – Here’s Why

PayPay Corporation (NASDAQ:PAYP) shares hit a new 52-week low on Tuesday . The company traded as low as $12.07 and last traded at $13.72, with a volume of 2273379 shares trading hands. The stock had previously closed at $12.37.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of PayPay in a research note on Tuesday, April 7th. They issued a “buy” rating and a $29.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on PayPay in a report on Monday, April 6th. They set a “hold” rating and a $20.00 target price on the stock. Citigroup initiated coverage on PayPay in a research report on Monday, April 6th. They issued a “neutral” rating and a $23.00 target price for the company. Mizuho began coverage on PayPay in a research note on Monday, April 6th. They issued an “outperform” rating and a $26.00 target price for the company. Finally, Zacks Research upgraded PayPay to a “hold” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.73.

PayPay Stock Down 4.9%

The company has a 50-day moving average of $18.16. The company has a market capitalization of $9.29 billion and a PE ratio of 106.85.

PayPay (NASDAQ:PAYP) last posted its quarterly earnings data on Wednesday, May 6th. The fintech company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $644.33 million for the quarter.

About PayPay

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.