Why did Paysafe stock fall after earnings?
A stock can fall if the earnings are good but expectations are not met. That’s the case with Paysafe. Specifically, “ [f]or the third quarter, the company said it expected revenue of between $360 million and $375 million. Analysts were calling for revenue of $384.4 million.”
Does Paysafe Ltd have a liquidity problem?
Paysafe Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.” So I see a liquidity problem. MarketWatch data supports my concern. Paysafe has a current and quick ratio of 0.22x and a cash ratio of 0.05x. All of these ratios are considered too low.
What does Paysafe’s acquisition of Betfred USA Sports mean?
Meanwhile, in the U.S., there is news of an expanded partnership with Betfred USA Sports, where it is targeting the online sports betting market. These acquisitions could help Paysafe secure its future as a leader digital commerce space. Even so, its true goals are a little muddy moving forward.
What is Paysafe’s interest coverage ratio?
According to Gurufocus Paysafe has an Interest Coverage ratio of 0.72x. Simply put, according to Gurufocus, “Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company’s Operating Income by its Interest Expense …
Why did paysafe stock drop today?
Paysafe stock tumbled after the payments company provided disappointing second-quarter guidance. Paysafe (ticker: PSFE) reported revenue of $368 million in the first quarter, above analysts' consensus forecast of $360 million, according to FactSet data.
What's happening to Paysafe?
Strive Gaming has now integrated Paysafe's payments technology into its PAM platform to provide Golden Nugget Online Gaming and its other U.S. and Canadian iGaming clients with a full suite of traditional and alternative payment methods via a single interface.
Is PSFE a buy or sell?
The consensus among 10 Wall Street analysts covering (NYSE: PSFE) stock is to Buy PSFE stock.
Will PSFE go up?
The 9 analysts offering 12-month price forecasts for Paysafe Ltd have a median target of 4.00, with a high estimate of 9.00 and a low estimate of 2.75. The median estimate represents a +110.53% increase from the last price of 1.90.
Is paysafe going to recover?
Paysafe is making effective changes that are helping to expand out to new businesses and improve existing ones. There are low risks to the recovery thesis due to compressed valuation. At the current valuation, the company's stock is undervalued and has significant upside going into 2022.
Is paysafe a good buy?
Paysafe Has Little Appeal to Growth and Value Investors You'll see that there's not only not much appeal here for growth investors, but there's not much to excite value investors with Paysafe, either. Given the company's high depreciation and interest expenses, it's in the red on a net income basis.
Who is buying PSFE?
Shares of Paysafe PSFE +8.37% jumped on Wednesday after the payments company said executives and board members bought the stock. Paysafe's (ticker: PSFE) CEO Philip McHugh bought approximately 290,000 shares of common stock worth $1 million on the open market on Dec. 3, the company said in a news release.
What is paysafe price target?
Stock Price Target PSFEHigh$7.00Median$4.00Low$2.00Average$3.81Current Price$2.79
Who are paysafe competitors?
Top 10 Alternatives to PaysafeAmazon Pay.FreshBooks.Birdeye.GoCardless.Venmo for Business.Stripe Payments.Thryv.Square Payments.