The stock of PagSeguro Digital Ltd. (NYSE:PAGS) is now priced at $43.8 and the shares are 1.66 points up or 3.94% higher compared to its previous closing price of $42.14. The stock had 1.273 million contracts set over the past session. PAGS shares’ daily volume is compared to its average trading volume at 1.681 million shares. However, it has a float of 180 million and although its performance was -2.12% over the week, it’s one to watch. Analysts have given the PAGS stock a yearly average price target of $41.1 per share. It means the stock’s downside potential is -6.16% with the PAGS share price recently placing at $42.32 to $44.38.
The shorts are running away from the PagSeguro Digital Ltd. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the PAGS shares have declined. Short interest in the stock represents just 9.49% of its float, but the volume has dropped by 0.
In the last trading session, PagSeguro Digital Ltd. (NYSE:PAGS) dropped by -$0.95 over the week and gained $4.8 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $53.35. The stock recorded its established 52-week high on 09/05/19.
Since 03/19/20, the stock has traded to a low of $13.58 at 222.53%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, PagSeguro Digital Ltd.’s two-week RSI is 60.2. This suggests that the stock is neutral at the moment and that PAGS shares’ price movement remains stable. The stochastic readings are equally revealing at 69.07% meaning the PAGS share price is currently in neutral territory.
The technical chart shows that the PAGS stock will likely settle at between $44.68 and $45.56 per share. However, if the stock dips below $42.62, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $41.44.
Currently, the stock is trading in the red of MACD, with a reading of -0.19. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at JP Morgan cut their recommendation for PAGS from Overweight to Neutral in November 26 review. HSBC Securities analysts upgraded their recommendation of the stock from Hold to Buy in a flash note released to investors on November 11. HSBC Securities seeing the improvements upgraded the stock from Reduce to Hold on September 17.
The average rating for the PAGS equity is 2.11 and is currently gathering a bullish momentum. Of 18 analysts tracking PagSeguro Digital Ltd. polled by Reuters, 3 rated PAGS as a hold. The remaining 15 analysts were split evenly. However, the split wasn’t equal as a majority (14) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the PAGS stock price is 36.87X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 56.6 above the group’s average of 40.9. PagSeguro Digital Ltd. has its P/E ratio at 9, which means that the stock is currently trading at a discount relative to the 13.6 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for PagSeguro Digital Ltd. (NYSE:PAGS) will decrease by about -99.91%, which will see them reach $304 million. The company’s full-year revenues are, however, expected to increase by about 14.15%, up from $1060 million to $1210 million. PAGS’s expected adjusted earnings should drop almost -25% to end up at $0.21 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 4.94% to record $0.85/share.