PayPay (NASDAQ:PAYP) Trading Down 6.4% – What’s Next?

PayPay Corporation (NASDAQ:PAYP) shares dropped 6.4% during trading on Tuesday . The company traded as low as $13.63 and last traded at $13.3360. Approximately 173,916 shares traded hands during trading, a decline of 90% from the average daily volume of 1,691,886 shares. The stock had previously closed at $14.25.

Analyst Ratings Changes

Several research firms recently commented on PAYP. Weiss Ratings began coverage on PayPay in a research report on Wednesday, June 3rd. They set a “sell (d+)” rating on the stock. Cantor Fitzgerald began coverage on PayPay in a research report on Monday, April 6th. They set an “overweight” rating and a $25.00 price target on the stock. Wall Street Zen raised PayPay to a “hold” rating in a research report on Saturday, March 21st. Mizuho began coverage on PayPay in a research report on Monday, April 6th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Morgan Stanley began coverage on 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 issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PayPay currently has a consensus rating of “Moderate Buy” and an average target price of $25.73.

PayPay Price Performance

The stock’s fifty day moving average price is $19.14.

PayPay (NASDAQ:PAYP) last issued its earnings results on Wednesday, May 6th. The fintech company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $644.33 million during 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.