In a filing, PaySign Inc revealed its CEO Newcomer Mark unloaded Company’s shares for reported $0.19 million on Dec 10 ’24. In the deal valued at $3.19 per share,59,000 shares were sold. As a result of this transaction, Newcomer Mark now holds 9,136,886 shares worth roughly $27.78 million.
Then, Newcomer Mark sold 41,000 shares, generating $135,624 in total proceeds. Upon selling the shares at $3.31, the CEO now owns 9,195,886 shares.
Before that, Newcomer Mark sold 40,000 shares. PaySign Inc shares valued at $129,656 were divested by the CEO at a price of $3.24 per share. As a result of the transaction, Newcomer Mark now holds 9,296,886 shares, worth roughly $28.26 million.
Lake Street initiated its PaySign Inc [PAYS] rating to a Buy in a research note published on December 20, 2024; the price target was $6. A number of analysts have revised their coverage, including Barrington Research’s analysts, who began to cover the stock in late March with a ‘”a Mkt perform”‘ rating. Ladenburg Thalmann also remained covering PAYS and has decreased its forecast on March 24, 2022 with a “Neutral” recommendation from previously “Buy” rating. DA Davidson revised its rating on August 19, 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 2.01% to $3.04. Over the last five days, the stock has lost -2.25%. PaySign Inc shares have risen nearly 8.57% since the year began. Nevertheless, the stocks have risen 13.43% over the past one year. While a 52-week high of $5.59 was reached on 08/01/24, a 52-week low of $2.40 was recorded on 01/09/24. SMA at 50 days reached $3.50, while 200 days put it at $4.12.
Levels Of Support And Resistance For PAYS Stock
The 24-hour chart illustrates a support level at 2.97, which if violated will result in even more drops to 2.91. On the upside, there is a resistance level at 3.07. A further resistance level may holdings at 3.11. The Relative Strength Index (RSI) on the 14-day chart is 36.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.33%. Stochastics %K at 25.78% 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 2024-11-29, dropping by 53767.0 shares to a total of 0.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.4 million shares. There was a decline of -15.36%, which implies that there is a negative sentiment for the stock.
