PayPay (NASDAQ:PAYP) Reaches New 1-Year Low – Should You Sell?

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Mizuho started coverage on shares of PayPay in a research note on Monday, April 6th. They set an “outperform” rating and a $26.00 target price for the company. Bank of America initiated coverage on PayPay in a research note on Monday, April 6th. They set a “buy” rating and a $26.00 target price for the company. JPMorgan Chase & Co. assumed coverage on PayPay in a report on Wednesday, April 8th. They set an “overweight” rating and a $25.00 price target on the stock. Zacks Research upgraded shares of PayPay to a “hold” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen upgraded shares of PayPay to a “hold” rating in a report on Saturday, March 21st. One research 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.73.

PayPay Trading Up 10.9%

The business has a fifty day moving average of $18.41. The stock has a market cap of $9.17 billion and a price-to-earnings ratio of 105.54.

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