Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PaySign Inc shares valued at $375,780 were sold by Spence Daniel on Sep 30 ’24. At $3.76 per share, Spence Daniel sold 100,000 shares. The insider’s holdings dropped to 8,990,000 shares worth approximately $19.33 million following the completion of this transaction.
Also, Baker Jeffery Bradford sold 28,396 shares, netting a total of over 69,403 in proceeds. Following the sale of shares at $2.44 each, the insider now holds 218,669 shares.
Before that, Newcomer Mark had sold 100,000 shares from its account. In a trade valued at $272,780, the CEO traded PaySign Inc shares for $2.73 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $19.21 million.
As published in their initiating research note from Lake Street on December 20, 2024, PaySign Inc [PAYS] has been a Buy and the price target has been revised to $6. Analysts at Barrington Research started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late March. As of March 24, 2022, Ladenburg Thalmann has decreased its “Buy” rating to a “Neutral” for PAYS. Earlier on August 19, 2021, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for PAYS stock which previously was a “a Neutral”.
Analyzing PAYS Stock Performance
During the last five days, there has been a drop of approximately -8.90%. Over the course of the year, PaySign Inc shares have dropped approximately -28.81%. Shares of the company reached a 52-week high of $3.40 on 01/14/25 and a 52-week low of $2.10 on 03/27/25. A 50-day SMA is recorded $2.64, while a 200-day SMA reached $3.64.
Support And Resistance Levels for PaySign Inc (PAYS)
According to the 24-hour chart, there is a support level at 2.07, which, if violated, would cause prices to drop to 1.99. In the upper region, resistance lies at 2.26. The next price resistance is at 2.37. RSI (Relative Strength Index) is 33.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 90.74%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
