The stock of Repay Holdings Corporation (NASDAQ:RPAY) is now priced at $26.99 and the shares are 1.69 points up or 6.68% higher compared to its previous closing price of $25.3. The stock had 1.695 million contracts set over the past session. RPAY shares’ daily volume is compared to its average trading volume at 0.791 million shares. However, it has a float of 52.15 million and although its performance was 9.63% over the week, it’s one to watch. Analysts have given the RPAY stock a yearly average price target of $15.5 per share. It means the stock’s downside potential is -42.57% with the RPAY share price recently placing at $25.46 to $27.51. However, some brokerage firms have priced the stock below the average, including one that has called $28.
The shorts are climbing into the Repay Holdings Corporation stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the RPAY shares have risen. Short interest in the stock represents just 8.61% of its float, but the volume has raised by 1094724. The volume of shorted shares rised to 4.491 million from 3.397 million shares over the last two weeks. The average intraday trading volume has been 619913 shares, which means that days to cover moved to roughly 7.24498.
In the last trading session, Repay Holdings Corporation (NASDAQ:RPAY) raised by $2.37 over the week and gained $2.65 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $27.93. The stock recorded its established 52-week high on 06/25/20.
Since 03/23/20, the stock has traded to a low of $10.69 at 152.48%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, Repay Holdings Corporation’s two-week RSI is 63.26. This suggests that the stock is neutral at the moment and that RPAY shares’ price movement remains stable. The stochastic readings are equally revealing at 78.12% meaning the RPAY share price is currently in oversold territory.
The technical chart shows that the RPAY stock will likely settle at between $27.85 and $28.7 per share. However, if the stock dips below $25.8, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $24.6.
Currently, the stock is trading in the green of MACD, with a reading of 0.76. 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.
The average rating for the RPAY equity is 1.63 and is currently gathering a bullish momentum. Of 8 analysts tracking Repay Holdings Corporation polled by Reuters, 0 rated RPAY as a hold. The remaining 8 analysts were split evenly. However, the split wasn’t equal as a majority (8) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the RPAY stock price is 44.69X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 40.9. Repay Holdings Corporation has its P/E ratio at 4, which means that the stock is currently trading at a discount relative to the 13.6 industry average.