PAY Stock Summary and Trading Ideas (Paymentus Holdings Class A | NYSE:PAY)

Paymentus Holdings Inc provides electronic bill presentment and payment services, enterprise customer communication and self-service revenue management to billers and financial institutions through a Software-as-a-Service, (SaaS), secure, omni-channel technology platform. The platform integrates into a biller's core financial and operating systems to provide flexible and secure access to payment processing of credit cards, debit cards, eChecks and digital wallets across a number of channels including online, mobile, IVR, call center, chatbot and voice-based assistants. The Company generates revenue from payment transaction fees processed through the Company's platform. The fees are generated as a percentage of transaction value or a specified fee per transaction.

Paymentus Holdings Class A trades on the NYSE stock market under the symbol PAY.

As of April 15, 2024, PAY stock price declined to $19.24 with 161,635 million shares trading.

PAY has a beta of 1.36, meaning it tends to be more sensitive to market movements. PAY has a correlation of 0.09 to the broad based SPY ETF.

PAY has a market cap of $2.38 billion. This is considered a Mid Cap stock.

Last quarter Paymentus Holdings Class A reported $165 million in Revenue and $.11 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.04.

The top ETF exchange traded funds that PAY belongs to (by Net Assets): VB, VTI, VXF, VBK, DWAS.

PAY has outperformed the market in the last year with a return of +120.6%, while the SPY ETF gained +25.3%. In the last 3 month period, PAY beat the market returning +9.4%, while SPY returned +6.2%. However, in the most recent 2 weeks PAY has underperformed the stock market by returning -15.4%, while SPY returned -3.6%.

PAY support price is $19.49 and resistance is $20.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAY stock will trade within this expected range on the day.