Let’s look at the key reasons that are pushing PayPal Holdings Inc (PYPL) to new highs

On Monday, PayPal Holdings Inc (NASDAQ: PYPL) was 4.73% up from the session before settling in for the closing price of $83.01. A 52-week range for PYPL has been $53.87 – $83.70.

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Financial Sector giant saw their annual sales surged by 14.06% over the last five years. When this article was written, the company’s average yearly earnings per share was at -10.35%. With a float of $999.06 million, this company’s outstanding shares have now reached $1.07 billion.

The firm has a total of 27200 workers. Let’s measure their productivity. In terms of profitability, gross margin is 42.89%, operating margin of 18.81%, and the pretax margin is 18.17%.

PayPal Holdings Inc (PYPL) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward PayPal Holdings Inc stocks. The insider ownership of PayPal Holdings Inc is 0.35%, while institutional ownership is 73.31%. The most recent insider transaction that took place on May 24 ’24, was worth 272,616. In this transaction Director of this company sold 4,422 shares at a rate of $61.65, taking the stock ownership to the 13,976 shares. Before that another transaction happened on Mar 01 ’24, when Company’s SVP, GM, Lg Ent & Mer Plat. sold 7,686 for $60.64, making the entire transaction worth $466,077. This insider now owns 23,430 shares in total.

PayPal Holdings Inc (PYPL) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -10.35% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.00% 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

You can see what PayPal Holdings Inc (PYPL) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.82. Likewise, its price to free cash flow for the trailing twelve months is 12.62.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.19, a number that is poised to hit 1.12 in the next quarter and is forecasted to reach 4.90 in one year’s time.

Technical Analysis of PayPal Holdings Inc (PYPL)

Analysing the last 5-days average volume posted by the [PayPal Holdings Inc, PYPL], we can find that recorded value of 9.94 million was lower than the volume posted last year of 13.56 million. As of the previous 9 days, the stock’s Stochastic %D was 87.27%. Additionally, its Average True Range was 2.25.

During the past 100 days, PayPal Holdings Inc’s (PYPL) raw stochastic average was set at 98.26%, which indicates a significant increase from 95.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.35% in the past 14 days, which was higher than the 32.67% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $77.67, while its 200-day Moving Average is $66.68. Now, the first resistance to watch is $88.48. This is followed by the second major resistance level at $90.02. The third major resistance level sits at $92.57. If the price goes on to break the first support level at $84.39, it is likely to go to the next support level at $81.84. Now, if the price goes above the second support level, the third support stands at $80.30.

PayPal Holdings Inc (NASDAQ: PYPL) Key Stats

There are 1,002,539K outstanding shares of the company, which has a market capitalization of 88.94 billion. As of now, sales total 29,771 M while income totals 4,246 M. Its latest quarter income was 7,847 M while its last quarter net income were 1,010 M.