A major move is in the offing as PayPal Holdings Inc (PYPL) market cap hits 64.79 billion

PayPal Holdings Inc (NASDAQ: PYPL) on Monday, soared 2.00% from the previous trading day, before settling in for the closing price of $58.91. Within the past 52 weeks, PYPL’s price has moved between $50.25 and $82.85.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 14.06%. The company achieved an average annual earnings per share of 1.30%. With a float of $1.07 billion, this company’s outstanding shares have now reached $1.07 billion.

PayPal Holdings Inc (PYPL) Insider Activity

Observing investor behavior towards Credit Services industry stocks is more important than anything else. The insider ownership of PayPal Holdings Inc is 0.86%, while institutional ownership is 67.74%. The most recent insider transaction that took place on Nov 27, was worth 851,428. In this transaction EVP, Global Sales of this company sold 15,000 shares at a rate of $56.76, taking the stock ownership to the 40,601 shares. Before that another transaction happened on Nov 21, when Company’s Chief Strat., Gr & Data Ofr sold 64,957 for $55.58, making the entire transaction worth $3,610,373. This insider now owns 79,051 shares in total.

PayPal Holdings Inc (PYPL) Earnings and Forecasts

As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $1.48 earnings per share (EPS) for the period topping the consensus outlook (set at $1.36) by $0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.2 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 1.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.80% during the next five years compared to 17.54% growth over the previous five years of trading.

PayPal Holdings Inc (NASDAQ: PYPL) Trading Performance Indicators

PayPal Holdings Inc (PYPL) is currently performing well based on its current performance indicators. A quick ratio of 1.29 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.18. Likewise, its price to free cash flow for the trailing twelve months is 15.35.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.85, a number that is poised to hit 1.22 in the next quarter and is forecasted to reach 5.70 in one year’s time.

Technical Analysis of PayPal Holdings Inc (PYPL)

Compared to the last year’s volume of 22.53 million, its volume of 34.45 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 28.55%. Additionally, its Average True Range was 2.66.

During the past 100 days, PayPal Holdings Inc’s (PYPL) raw stochastic average was set at 54.79%, which indicates a significant increase from 42.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.27% in the past 14 days, which was higher than the 41.02% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $61.13, while its 200-day Moving Average is $62.26. Nevertheless, the first resistance level for the watch stands at $61.00 in the near term. At $61.90, the stock is likely to face the second major resistance level. The third major resistance level sits at $63.19. If the price goes on to break the first support level at $58.80, it is likely to go to the next support level at $57.51. Should the price break the second support level, the third support level stands at $56.61.

PayPal Holdings Inc (NASDAQ: PYPL) Key Stats

Market capitalization of the company is 64.79 billion based on 1,100,000K outstanding shares. Right now, sales total 27,518 M and income totals 2,419 M. The company made 7,418 M in profit during its latest quarter, and 1,020 M in sales during its previous quarter.