In a filing, PaySign Inc revealed its CEO Newcomer Mark unloaded Company’s shares for reported $0.18 million on Jan 21 ’25. In the deal valued at $2.89 per share,61,000 shares were sold. As a result of this transaction, Newcomer Mark now holds 9,075,886 shares worth roughly $ 23.78 million.
Then, Newcomer Mark sold 27,000 shares, generating $77,755 in total proceeds. Upon selling the shares at $2.88, the CEO now owns 9,048,886 shares.
Before that, Newcomer Mark sold 12,000 shares. PaySign Inc shares valued at $34,141 were divested by the CEO at a price of $2.85 per share. As a result of the transaction, Newcomer Mark now holds 9,036,886 shares, worth roughly $23.68 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 Friday, PaySign Inc [NASDAQ:PAYS] saw its stock fall -3.68% to $2.62. Over the last five days, the stock has lost -0.76%. PaySign Inc shares have fallen nearly -13.25% since the year began. Nevertheless, the stocks have fallen -12.67% over the past one year. While a 52-week high of $5.59 was reached on 01/14/25, a 52-week low of $2.46 was recorded on 02/03/25. SMA at 50 days reached $2.96, while 200 days put it at $3.94.
Levels Of Support And Resistance For PAYS Stock
The 24-hour chart illustrates a support level at 2.56, which if violated will result in even more drops to 2.50. On the upside, there is a resistance level at 2.72. A further resistance level may holdings at 2.82. The Relative Strength Index (RSI) on the 14-day chart is 40.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.65%. Stochastics %K at 42.69% 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 2025-01-31, growing by 0.12 million shares to a total of 0.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 0.37 million shares. There was a rise of 24.01%, which implies that there is a positive sentiment for the stock.
