PYPL Stock Summary and Trading Ideas (Paypal Holdings | NASDAQ:PYPL)

PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 426 million active accounts at the end of 2023. The company also owns Venmo, a person-to-person payment platform.

Paypal Holdings trades on the NASDAQ stock market under the symbol PYPL.

As of May 6, 2024, PYPL stock price declined to $65.61 with 9,568,309 million shares trading.

PYPL has a beta of 1.94, meaning it tends to be more sensitive to market movements. PYPL has a correlation of 0.37 to the broad based SPY ETF.

PYPL has a market cap of $70.32 billion. This is considered a Large Cap stock.

Last quarter Paypal Holdings reported $8 billion in Revenue and $1.08 earnings per share. This beat revenue expectation by $679 million and missed earnings estimates by -$.06.

In the last 3 years, PYPL stock traded as high as $310.16 and as low as $50.25.

The top ETF exchange traded funds that PYPL belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

PYPL stock has underperformed the market in the last year with a return of -8.1%, while SPY returned +28.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PYPL shares. However, PYPL has outperformed the market in the last 3 month and 2 week periods, returning +5.1% and +5.3%, while SPY returned +4.8% and +4.3%, respectively. This indicates PYPL has been having a stronger performance recently.

PYPL support price is $64.44 and resistance is $66.96 (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 PYPL stock will trade within this expected range on the day.