PayPay (NASDAQ:PAYP) Sets New 1-Year Low – What’s Next?

PayPay Corporation (NASDAQ:PAYP) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.40 and last traded at $13.45, with a volume of 1152686 shares traded. The stock had previously closed at $14.59.

Analyst Upgrades and Downgrades

PAYP has been the topic of a number of recent analyst reports. Morgan Stanley assumed coverage on PayPay in a research report on Monday, April 6th. They issued an “equal weight” rating and a $24.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of PayPay in a research note on Monday, April 6th. They set a “buy” rating and a $28.00 price objective on the stock. Bank of America assumed coverage on shares of PayPay in a report on Monday, April 6th. They issued a “buy” rating and a $26.00 target price on the stock. Benchmark started coverage on shares of PayPay in a research report on Monday, April 6th. They issued a “buy” rating and a $31.00 target price for the company. Finally, Weiss Ratings began coverage on PayPay in a research report on Wednesday, June 3rd. They issued a “sell (d+)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $25.73.

PayPay Stock Performance

The stock has a fifty day simple moving average of $19.28.

PayPay (NASDAQ:PAYP) last announced its quarterly earnings data on Wednesday, May 6th. The fintech company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The company 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.