Payfare (PAY) Stock Price, News & Analysis

Company Overview

Payfare Inc., a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, funds transfers, bill payments, and savings wallets; Paid Portal by Payfare, a payout solution for gig workforces; and Paid App by Payfare, a digital banking app. Payfare Inc. was incorporated in 2012 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: C$2.00 to C$2.07
• 50-Day Range: C$2.02 to C$8.50
• 52-Week Range: C$1.76 to C$8.90
• Volume: 418,998 shs
• Average Volume: 253,921 shs
• Market Capitalization: C$96.92 million
• P/E Ratio: 5.05
• Dividend Yield: N/A
• Price Target: C$3.00
• Consensus Rating: Moderate Buy

Payfare Stock Analysis - MarketRank™

Payfare scored higher than 40% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Payfare has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Payfare has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Payfare is 5.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Payfare is 5.13, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 229.36.

Price to Book Value per Share Ratio

Payfare has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PAY.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Payfare does not currently pay a dividend.

Dividend Growth

Payfare does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PAY.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.20

News Sentiment

Payfare has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Payfare this week, compared to 1 article on an average week.

Search Interest

17 people have searched for PAY on MarketBeat in the last 30 days. This is an increase of 240% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Payfare to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Payfare insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.04% of the stock of Payfare is held by insiders.

Percentage Held by Institutions

Only 21.60% of the stock of Payfare is held by institutions.

PAY Stock Analysis - Frequently Asked Questions

How have PAY shares performed this year?

Payfare's stock was trading at C$6.21 at the beginning of 2024. Since then, PAY stock has decreased by 67.0% and is now trading at C$2.05.
View the best growth stocks for 2024 here.

How do I buy shares of Payfare?

Shares of PAY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Payfare own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Payfare investors own include Meta Platforms (META), Whitecap Resources (WCP), Algonquin Power & Utilities (AQN), Bank of Nova Scotia (BNS), NVIDIA (NVDA), PayPal (PYPL) and Toronto-Dominion Bank (TD).

Company Calendar

• Today: 11/21/2024
• Next Earnings (Estimated): 4/24/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Computer and Technology
• Industry: Software - Infrastructure
• Sub-Industry: Business Services
• Current Symbol: TSE:PAY
• Previous Symbol: TSE:HDX
• CUSIP: N/A
• CIK: N/A
• Web: www.posera.com
• Phone: +1-519-7582460
• Fax: N/A
• Employees: 1,260
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$3.00
• High Stock Price Target: C$3.00
• Low Stock Price Target: C$3.00
• Potential Upside/Downside: +47.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.40
• Trailing P/E Ratio: 5.10
• Forward P/E Ratio: 11.89
• P/E Growth: N/A
• Net Income: C$19.73 million
• Net Margins: 9.62%
• Pretax Margin: N/A
• Return on Equity: 27.84%
• Return on Assets: 3.42%

Debt

• Debt-to-Equity Ratio: 0.08
• Current Ratio: 1.22
• Quick Ratio: 0.32

Sales & Book Value

• Annual Sales: C$205.11 million
• Price / Sales: 0.48
• Cash Flow: C$0.41 per share
• Price / Cash Flow: 5.02
• Book Value: C$1.72 per share
• Price / Book: 1.19

Miscellaneous

• Outstanding Shares: 47,980,000
• Free Float: N/A
• Market Cap: C$97.88 million
• Optionable: Not Optionable
• Beta: 1.80