Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Payoneer Global Inc before investing.

In this article, we go over a few key elements for understanding Payoneer Global Inc’s stock price such as:

• Payoneer Global Inc’s current stock price and volume
• Why Payoneer Global Inc’s stock price changed recently
• Upgrades and downgrades for PAYO from analysts
• PAYO’s stock price momentum as measured by its relative strength

About Payoneer Global Inc (PAYO)

Before we jump into Payoneer Global Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Payoneer Global Inc. is a financial technology company, which enables small and medium-sized businesses (SMBs) to transact and do business globally. The Company has built a global financial stack for SMBs, particularly in emerging markets, to access global demand and supply, pay and get paid, and manage their cross border and other needs from a single platform. Its financial stack provides a full suite of cross-border accounts receivable (AR) and accounts payable (AP) capabilities and includes services, such as working capital and the provision of data-driven insights. The Payoneer financial stack consists of a secure, regulated payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their comprehensive AR and AP needs. The Company leverages nearly 100 banking and payment service providers globally to support transactions in over 7,000 trade corridors and enable same-day and real-time settlement in over 150 countries.

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Payoneer Global Inc’s Stock Price as of Market Close

As of July 10, 2024, 4:00 PM, CST, Payoneer Global Inc’s stock price was $5.29.

Payoneer Global Inc is down 4.34% from its previous closing price of $5.53.

During the last market session, Payoneer Global Inc’s stock traded between $5.47 and $5.56. Currently, there are 359.31 million shares of Payoneer Global Inc stock available for purchase.

Payoneer Global Inc’s price-earnings (P/E) ratio is currently at 18.8, which is low compared to the Business Support Services industry median of 22.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Payoneer Global Inc Stock Price History

Payoneer Global Inc’s (PAYO) price is currently down 4.51% so far this month.

During the month of July, Payoneer Global Inc’s stock price has reached a high of $5.60 and a low of $5.26.

Over the last year, Payoneer Global Inc has hit prices as high as $6.48 and as low as $4.22. Year to date, Payoneer Global Inc’s stock is down 3.29%.

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What Caused Payoneer Global Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 09, 2024, there were 2 analysts who downgraded Payoneer Global Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Payoneer Global Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Payoneer Global Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Payoneer Global Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Payoneer Global Inc (PAYO) by visiting AAII Stock Evaluator.

Relative Price Strength of Payoneer Global Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 09, 2024, Payoneer Global Inc has a weighted four-quarter relative price strength of 1.19%, which translates to a Momentum Score of 78 and is considered to be Strong.

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Payoneer Global Inc Stock Price: Bottom Line

As of July 10, 2024, Payoneer Global Inc’s stock price is $5.29, which is down 4.34% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Payoneer Global Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.