In the meantime, 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”.
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Price Performance Review of PAGS
On Tuesday, PagSeguro Digital Ltd [NYSE:PAGS] saw its stock fall -0.49% to $8.20. Over the last five days, the stock has lost -1.56%. PagSeguro Digital Ltd shares have fallen nearly -34.24% since the year began. Nevertheless, the stocks have risen 5.94% over the past one year. While a 52-week high of $14.98 was reached on 02/29/24, a 52-week low of $7.29 was recorded on 10/10/24. SMA at 50 days reached $8.89, while 200 days put it at $11.81.
Levels Of Support And Resistance For PAGS Stock
The 24-hour chart illustrates a support level at 8.04, which if violated will result in even more drops to 7.87. On the upside, there is a resistance level at 8.34. A further resistance level may holdings at 8.48. The Relative Strength Index (RSI) on the 14-day chart is 39.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.78%. Stochastics %K at 32.68% 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 2024-10-15, growing by 0.42 million shares to a total of 20.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 20.47 million shares. There was a rise of 2.01%, which implies that there is a positive sentiment for the stock.
