PaySign Inc’s recent filing unveils that its Topline Capital Management, LL acquired Company’s shares for reported $22233.0 on Mar 18 ’24. In the deal valued at $3.07 per share,7,242 shares were bought. As a result of this transaction, Topline Capital Management, LL now holds 6,160,742 shares worth roughly $26.68 million.
Then, Topline Capital Partners, LP bought 7,242 shares, generating $22,233 in total proceeds. Upon buying the shares at $3.07, the 10% Owner now owns 6,160,742 shares.
Before that, Topline Capital Partners, LP bought 54,183 shares. PaySign Inc shares valued at $160,924 were divested by the 10% Owner at a price of $2.97 per share. As a result of the transaction, Topline Capital Partners, LP now holds 6,153,500 shares, worth roughly $26.64 million.
Barrington Research initiated its PaySign Inc [PAYS] rating to a Mkt perform in a research note published on March 30, 2022; the price target was $4. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Neutral”. DA Davidson also remained covering PAYS and has increased its forecast on August 19, 2021 with a “Buy” recommendation from previously “Neutral” rating. Ladenburg Thalmann revised its rating on August 12, 2021. It rated PAYS as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PAYS
On Tuesday, PaySign Inc [NASDAQ:PAYS] saw its stock jump 3.10% to $4.33. Over the last five days, the stock has gained 1.88%. PaySign Inc shares have risen nearly 54.64% since the year began. Nevertheless, the stocks have risen 21.63% over the past one year. While a 52-week high of $4.70 was reached on 04/04/24, a 52-week low of $1.67 was recorded on 01/09/24. SMA at 50 days reached $3.29, while 200 days put it at $2.48. A total of 0.28 million shares were traded, compared to the trading of 0.65 million shares in the previous session.
Levels Of Support And Resistance For PAYS Stock
The 24-hour chart illustrates a support level at 4.22, which if violated will result in even more drops to 4.12. On the upside, there is a resistance level at 4.41. A further resistance level may holdings at 4.50. The Relative Strength Index (RSI) on the 14-day chart is 66.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.03%. Stochastics %K at 74.40% indicates the stock is a holding.
How much short interest is there in PaySign Inc?
A steep rise in short interest was recorded in PaySign Inc stocks on Mar 15, 2024, growing by 9940.0 shares to a total of 0.9 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.89 million shares. There was a rise of 1.1%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.15% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.87.
