- Paysign (PAYS) hit a new 52-week high on July 9.
- The stock has strong technical momentum and a 100% “Buy” signal via Barchart.
- Shares are up more than 110% over the past year.
- Analysts covering PAYS stock have a consensus “Strong Buy” rating.
Today’s Featured Stock:
Valued at just $460 million, Paysign (PAYS) is a provider of prepaid card programs and processing services for corporate, consumer, and government applications.
What I’m Watching:
I found today’s Chart of the Day by using Barchart’s powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. PAYS checks those boxes. Since the Trend Seeker signaled a buy on April 30, the stock has gained 254.17%.
PAYS Price vs. Daily Moving Averages:
Barchart Technical Indicators for Paysign:
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
PaySign shares hit a new 52-week high on July 9, touching $8.57 in intraday trading. As of this writing, they had retreated slightly and were trading 2.57% below the new high.
- PAYS has an 100% technical “Buy” signal.
- The stock recently traded at $8.57, above its 50-day moving average of $4.76.
- Paysign has a Weighted Alpha of +103.66.
- The stock has gained 113% over the past year.
- PAYS has its Trend Seeker “Buy” signal intact.
- Paysign is trading above its 20, 50 and 100-day moving averages.
- The stock made 16 new highs and gained 67.3% in the last month.
- Relative Strength Index is at 87.59%.
- The technical support level is $8.13.
Don’t Forget the Fundamentals:
- $460 million market cap.
- Trailing price-earnings ratio of 72.82.
- Revenue is projected to grow 28.71% this year and another 19.36% next year.
- Earnings are estimated to increase 121.43% this year and increase an additional 54.84% next year.
Analyst and Investor Sentiment on Paysign:
I don’t buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it’s hard to make money swimming against the tide.
It looks like Wall Street analysts are bullish, but some major advisory sites think the stock may be priced too high for further price appreciation.
- The Wall Street analysts tracked by Barchart issued five “Strong Buy” opinions on the stock.
- Value Line gives the stock its average rating.
- CFRA’s MarketScope rates the stock a “Buy.”
- MorningStar thinks the stock is 6% undervalued.
- 5,400 investors monitor the stock on Seeking Alpha, which rates the stock a “Hold.”
The Bottom Line:
Paysign currently has momentum and is hitting new highs.
I caution that PAYS is volatile and speculative — use strict risk management and stop-loss strategies.
Today’s Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here.
Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
