PayPal Holdings Inc. (NASDAQ:PYPL) finished Thursday with a subtraction of -$1.05 to close at $60.71, a downside of -1.70 percent. An average of 15,297,141 shares of common stock have been traded in the last five days. There was a gain of $2.11 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 19,543,051 shares traded, while the 50-day average volume stands at 17,651,322.
PYPL stock has decreased by -17.32% in the last month. The company shares reached their 1-month lowest point of $57.29 on 08/18/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $57.29 and a high of $99.30 in 52 weeks. It has reached a new high 11 times so far this year and lost -14.76% or -$10.51 in price. In spite of this, the price is down -38.86% from the 52-week high.
Insider Transactions
PYPL stock investors should be aware that PayPal Holdings Inc. (PYPL) stock had its last reported insider trading activity 343 days ago on Feb 17.
Valuation Metrics
PayPal Holdings Inc. (PYPL) has a trailing price-to-earnings (P/E) ratio of 16.96. The stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.30, the price-to-book (PB) ratio at 3.43, and the price-to-cash flow ratio at 19.25.
Financial Health
The quick ratio of PayPal Holdings Inc. for the three months ended June 29 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.54 and a total debt to equity ratio of 0.54 for the quarter ending June 29. Its gross profit as reported stood at $11.65 billion compared to revenue of $27.52 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, PayPal Holdings Inc.’s return on assets was 5.30%.
Earnings Surprise
For the three-month period that ended June 29, PayPal Holdings Inc. had $10.55 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.03 billion in the quarter, while revenues were grew 133.14%. The analyst consensus anticipated PayPal Holdings Inc.’s latest quarter earnings to come in at $1.16 per share, but it turned out to be $1.16, a 0.00% surprise. For the quarter, EBITDA amounted to $1.4 billion. Shareholders own equity worth $1.1 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PayPal Holdings Inc. (PYPL) price momentum. RSI 9-day as of the close on 24 August was 40.06%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.57%.
As of today, PYPL’s price is $60.48 +3.60% or $2.11 from its 5-day moving average. PYPL is currently trading -15.72% lower than its 20-day SMA and -20.06% lower than its 100-day SMA. However, the stock’s current price level is -4.48% below the SMA50 and -19.25% below the SMA200.
The stochastic %K and %D were 47.44% and 34.82%, respectively, and the average true range (ATR) was 1.88. With the 14-day stochastic at 45.84% and the average true range at 1.96, the RSI (14) stands at 39.58%. The stock has reached 0.77 on the 9-day MACD Oscillator while the 14-day reading was at -0.09.
Analyst Ratings
Evercore ISI downgraded PayPal Holdings Inc. (NASDAQ: PYPL) to a an In-line rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for PayPal Holdings Inc. (PYPL) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PYPL, while 13 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 27 others rate it as a “buy”.
