While Repay Holdings Corporation has underperformed by -0.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RPAY rose by 32.80%, with highs and lows ranging from $11.27 to $5.85, whereas the simple moving average fell by -13.54% in the last 200 days.
On February 13, 2024, The Benchmark Company started tracking Repay Holdings Corporation (NASDAQ: RPAY) recommending Buy. A report published by BMO Capital Markets on December 05, 2023, Initiated its previous ‘Market Perform’ rating for RPAY. UBS also rated RPAY shares as ‘Neutral’, setting a target price of $8 on the company’s shares in an initiating report dated October 20, 2023. Berenberg Initiated an Hold rating on September 12, 2023, and assigned a price target of $9. Stephens initiated its ‘Overweight’ rating for RPAY, as published in its report on November 14, 2022. Keefe Bruyette’s report from August 10, 2022 suggests a price prediction of $13 for RPAY shares, giving the stock a ‘Mkt Perform’ rating. Citigroup also rated the stock as ‘Neutral’.
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Analysis of Repay Holdings Corporation (RPAY)
Further, the quarter-over-quarter increase in sales is 4.35%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Repay Holdings Corporation’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -10.48% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.83, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and RPAY is recording an average volume of 905.76K. On a monthly basis, the volatility of the stock is set at 2.79%, whereas on a weekly basis, it is put at 3.31%, with a gain of 4.53% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.64, showing growth from the present price of $7.95, which can serve as yet another indication of whether RPAY is worth investing in or should be passed over.
How Do You Analyze Repay Holdings Corporation Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 17.37%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.93% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RPAY shares are owned by institutional investors to the tune of 84.93% at present.
