Following these proceedings, Citigroup downgraded its PagSeguro Digital Ltd [PAGS] rating to a Neutral from a a Buy in a research note published on January 16, 2025; the price target was decreased to $7 from $17. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Neutral”. Itau BBA also remained covering PAGS and has decreased its forecast on October 01, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Morgan Stanley revised its rating on September 05, 2024. It rated PAGS as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of PAGS
On Friday, PagSeguro Digital Ltd [NYSE:PAGS] saw its stock jump 1.20% to $6.72. Over the last five days, the stock has gained 5.66%. PagSeguro Digital Ltd shares have risen nearly 7.35% since the year began. Nevertheless, the stocks have fallen -47.29% over the past one year. While a 52-week high of $14.98 was reached on 01/15/25, a 52-week low of $6.11 was recorded on 01/10/25. SMA at 50 days reached $7.14, while 200 days put it at $10.25.
Levels Of Support And Resistance For PAGS Stock
The 24-hour chart illustrates a support level at 6.60, which if violated will result in even more drops to 6.49. On the upside, there is a resistance level at 6.84. A further resistance level may holdings at 6.97. The Relative Strength Index (RSI) on the 14-day chart is 50.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.38%. Stochastics %K at 77.38% 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 2024-12-31, growing by 2.64 million shares to a total of 23.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 21.01 million shares. There was a rise of 11.18%, which implies that there is a positive sentiment for the stock.
