Following these proceedings, Itau BBA downgraded its PagSeguro Digital Ltd [PAGS] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early September from “an Equal-weight” to “an Underweight”. Goldman also remained covering PAGS and has increased its forecast on June 26, 2024 with a “Buy” recommendation from previously “Neutral” rating. Evercore ISI revised its rating on March 26, 2024. It rated PAGS as “an Outperform” which previously was an “an In-line”.
Price Performance Review of PAGS
On Tuesday, PagSeguro Digital Ltd [NYSE:PAGS] saw its stock fall -1.67% to $8.23. Over the last five days, the stock has lost -1.56%. PagSeguro Digital Ltd shares have fallen nearly -34.00% since the year began. Nevertheless, the stocks have risen 4.18% over the past one year. While a 52-week high of $14.98 was reached on 02/29/24, a 52-week low of $6.93 was recorded on 10/10/24. SMA at 50 days reached $10.23, while 200 days put it at $12.12.
Levels Of Support And Resistance For PAGS Stock
The 24-hour chart illustrates a support level at 8.14, which if violated will result in even more drops to 8.04. On the upside, there is a resistance level at 8.36. A further resistance level may holdings at 8.48. The Relative Strength Index (RSI) on the 14-day chart is 33.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.17%. Stochastics %K at 21.37% indicates the stock is a holding.
How much short interest is there in PagSeguro Digital Ltd?
A steep rise in short interest was recorded in PagSeguro Digital Ltd stocks on 2024-09-30, growing by 2.94 million shares to a total of 20.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 17.77 million shares. There was a rise of 14.21%, which implies that there is a positive sentiment for the stock.
