BFT shares are trading higher on Tuesday after payments platform Paysafe went public through a reverse merger with the blank check company. FREE LIVE MASTERCLASS: Learn How to Use Simple Options to Protect Your Portfolio in a Bear Market with Matt Maley. Click Here To Reserve Your Seat. (Only 50 Seats Left)
Full Answer
How much is a share of BFT worth?
One share of BFT stock can currently be purchased for approximately $4.05. How much money does Foley Trasimene Acquisition Corp. II make? Foley Trasimene Acquisition Corp. II has a market capitalization of $742.68 million. What is Foley Trasimene Acquisition Corp. II's official website?
What is Foley Trasimene Acquisition Corp II's (BFT) stock price?
Foley Trasimene Acquisition Corp. II trades on the New York Stock Exchange (NYSE) under the ticker symbol "BFT." What is Foley Trasimene Acquisition Corp. II's stock price today? One share of BFT stock can currently be purchased for approximately $4.05. How much money does Foley Trasimene Acquisition Corp. II make?
Is BFT a hold or sell on Robinhood?
Today BFT ranks #5264 as hold candidate. Get a Free Stock at Robinhood Which way will BFT go? This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.25 between high and low, or 6.43%.
Will BFT outperform or underperform the S&P 500 over the long term?
Vote “Outperform” if you believe BFT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BFT will underperform the S&P 500 over the long term. You may vote once every thirty days.
Is BFT a good investment?
Some wary investors even wondered if it was worth it to hold on to the BFT stock before the Paysafe deal went through and to put those worries to test, BFT stock is a great long-term investment. Here are a few reasons why you should consider having it on your portfolio.
What happens to my BFT stock after merger?
BFT Stock Is Worth 64.8% More Based on Its Merger With Paysafe | InvestorPlace.
What did BFT stock become?
Starting off, investors should know that Paysafe is an integrated payments platform focused on connecting businesses with customers. The SPAC merger will have the new company changing its name to Paysafe and trading on the New York Stock Exchange under the PSFE ticker.
What did BFT merge with?
Paysafe Group Holdings LimitedII. LONDON & LAS VEGAS--(BUSINESS WIRE)--Paysafe Group Holdings Limited, a leading specialized payments platform, and Foley Trasimene Acquisition Corp. II (NYSE: BFT), (BFT WS) (“Foley Trasimene”), a special purpose acquisition company, today announced that they have completed their previously announced merger.
Is Paysafe overvalued?
Paysafe holds a recent Real Value of $2.6 per share. The prevailing price of the company is $2.7. Based on Macroaxis valuation methodology, the company appears to be overvalued....USD 2.70 0.15 5.26%LowerMiddle BandUpper2.052.633.21
Is Paysafe undervalued?
At the current valuation, the company's stock is undervalued and has significant upside going into 2022.
Did BFT become Paysafe?
In December, Foley Trasimene Acquisition Corp. II (NYSE:BFT) announced a merger with Paysafe, a global player in the online payments sector.
What does BFT company do?
BFT Automation is an Italian manufacturer specializing in manufacturing quality residential, commercial and industrial gate openers and access automation equipment. The company has been in the access automation business for more than 30 years.
When did BFT change to PSFE?
On December 7, 2020, FTAC announced that it and Paysafe Group Holdings Limited entered into a definitive agreement and plan of merger, and that upon closing of the transaction the newly combined company will operate as Paysafe with its shares listed on the New York Stock Exchange under the symbol PSFE.
Will Paysafe be acquired?
As mentioned above, Paysafe was acquired in 2017. Blackstone and CVC Capital Partners bought the firm for 2.96 billion British Pounds ($3.97 billion). And, including debt, the takeover offer was closer to $5 billion in total. Private equity firms like Blackstone aren't idiots.
Is Paysafe making money?
Speaking of cash, Paysafe has been free-cash-flow positive in 2021, generating $233 million. That's down 2.6% from the same period of 2020 -- but remember, revenue has been up slightly.
Who owns Paysafe stock?
The company was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by a consortium of The Blackstone Group and CVC Capital Partners in December 2017.
Who are Foley Trasimene Acquisition Corp. II's key executives?
Foley Trasimene Acquisition Corp. II's management team includes the following people: Mr. William Patrick Foley II , Founder & Chairman (Age 76)...
Who are some of Foley Trasimene Acquisition Corp. II's key competitors?
Some companies that are related to Foley Trasimene Acquisition Corp. II include Austerlitz Acquisition Co. II (ASZ) , Churchill Capital Corp VII...
What is Foley Trasimene Acquisition Corp. II's stock symbol?
Foley Trasimene Acquisition Corp. II trades on the New York Stock Exchange (NYSE) under the ticker symbol "BFT."
What is Foley Trasimene Acquisition Corp. II's stock price today?
One share of BFT stock can currently be purchased for approximately $2.82.
How much money does Foley Trasimene Acquisition Corp. II make?
Foley Trasimene Acquisition Corp. II (NYSE:BFT) has a market capitalization of $517.13 million.
What is Foley Trasimene Acquisition Corp. II's official website?
The official website for Foley Trasimene Acquisition Corp. II is www.foleytrasimene2.com .
How can I contact Foley Trasimene Acquisition Corp. II?
The company can be reached via phone at 702-323-7330 .
About Foley Trasimene Acquisition Corp. II
Foley Trasimene Acquisition Corp. II intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in financial technology, or information and business services. The company was founded in 2020 and is based in Las Vegas, Nevada.
Foley Trasimene Acquisition Corp. II (NYSE:BFT) Frequently Asked Questions
1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Foley Trasimene Acquisition Corp. II in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Foley Trasimene Acquisition Corp.
SPACS Are Tricky
This makes them dangerous investments because a lot of them have skipped the official vetting. Retail investors have to trust that the acquirers have done a good job. This is not to say that they are illegitimate businesses, but we’ve seen what happened with WeWork.
BFT Stock Has Many Tailwinds
There is no doubt that electronic payment processing is the way to go for the future. That’s one of the reasons that Bitcoin and the processes around it are on fire. Doing things the old way is clunky and inefficient. Moreover, we learned last year that reasons come up that force use to be remote.
There Are Outside Risks
Technically, last week’s lows almost retraced the entire December rally except for one candle. There is still an off chance the bears could finish the job and hit $11 per share. In addition to BFT risks, there are some that stem from the markets in general. Volatility is high. That’s why the Nasdaq fell 3% one day and rallied more than 4% the next.
The Bulls Need to Retake Charge
The BFT stock chart suggests that the sellers are in control for now. Therefore, I expect resistance as it approaches $16 per share. The bulls can eliminate this by slogging through and rising above $16.50. There would lie their opportunity to take over the reins once again.
Why did BFT stock fall?
The stock fell due to profit booking and a broader market sell-off as investors rethink their portfolios due to changing macroeconomic conditions.
Is BFT a short squeeze?
BFT stock isn’t a short-squeeze candidate in the fintech sector. This is mainly because the stock has a low short interest ratio. Low short interest ratios usually indicate neutral or bullish market sentiment, while high ratios could indicate bearish sentiment.
BFT stock is undervalued
Paysafe's implied pro forma enterprise valuation is $9.0 billion. However, based on BFT’s current stock price, the EV is closer to $13 billion. Paysafe estimates its 2021 and 2022 EBITDA of $561 million and $655 million, respectively. This implies EV-to-EBITDA multiples of 23.2x and 19.8x, respectively, for 2021 and 2022.
Paysafe is a good long-term investment
In the long term, the online payments market's prospects are huge. According to Grand View Research, the global digital payment market is expected to expand at a CAGR of 19.4 percent from 2021 to 2028.
Will Paysafe be the next Paypal?
Paysafe is smaller compared to PayPal. However, what matters is if Paysafe can grow its transaction volumes and margins at a pace so that it can be comparable to PayPal one day. Paysafe’s transactional volumes are expected to grow at a faster rate than PayPal, which is also due to its smaller size.
BFT stock looks like a good buy
BFT’s stock is down 20 percent from its January peak, which has removed some of the over-enthusiasm on the stock, which makes the valuation more reasonable. Shareholders approving the merger removed another major overhang from the stock.
