In yesterday’s Wall Street session, Paymentus Holdings Inc (NYSE:PAY) shares traded at $30.14, down -0.33% from the previous session.
PAY stock price is now -9.32% away from the 50-day moving average and 26.15% away from the 200-day moving average. The market capitalization of the company currently stands at $3.76B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $23, Robert W. Baird recently Upgraded its rating from Neutral to Outperform for Paymentus Holdings Inc (NYSE: PAY). , while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Gerber Andrew A., General Counsel and Secretary sold 34,272 shares of the company’s stock on Dec 04 ’24. The stock was sold for $1,280,272 at an average price of $37.36. Upon completion of the transaction, the General Counsel and Secretary now directly owns 97,925 shares in the company, valued at $2.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, Officer ANDREW A GERBER bought 34,272 shares of the business’s stock. A total of $1,303,364 was incurred on buying the stock at an average price of $38.03. A total of 84.02% of the company’s stock is owned by insiders.
During the past 12 months, Paymentus Holdings Inc has had a low of $14.77 and a high of $38.94. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 4.27, and a quick ratio of 4.27. According to the stock market information, the enterprise value for the company is $3575283200, which is based on a 94.81 price-to-earnings ratio, a 3.06 price-to-earnings-growth ratio, and a beta of 1.67. The fifty day moving average price for PAY is $33.237 and a two-hundred day moving average price translates $23.89245 for the stock.
The latest earnings results from Paymentus Holdings Inc (NYSE: PAY) was released for 2024-09-30. The net profit margin was 5.19% and return on equity was 9.12% for PAY. The company reported revenue of $231.57 million for the quarter, compared to $152.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 51.93 percent. For the current quarter, analysts expect PAY to generate $222.06M in revenue.
