Paysign, Inc.

Paysign, Inc. (NASDAQ: PAYS) is a payment solutions provider that offers prepaid card programs and processing services to businesses, consumers, and government agencies. PAYS sells prepaid debit cards under the PaySign name and has created a card processing infrastructure with proprietary technologies and software applications to meet the needs of its customers.

Key Highlights

• The company reported YoY growth of 71% in net revenues to USD 20.70 million in 9MFY21 (ended September 30, 2021) compared to USD 16.87 million in 9MFY20.
• PAYS' net loss reduced to USD 2.83 million during 9MFY21 vs. USD 4.83 million in 9MFY20.
• As of September 30, 2021, the company had cash and cash equivalents of USD 6.93 million and no outstanding debt.
• Its ROE was -2.2% in Q3FY21 vs. the industry median of 2.9%.
• PAYS' EBITDA margin for Q3FY21 was 4.5%, significantly lower than the industry median of 19.5%.
• Stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels, a bearish indicator.
• The stock is leaning towards the lower end of its 52-week range of USD 1.37 to USD 5.69.
• PAYS' stock price decreased 56.06% and 61.13% in the past nine and twelve months, respectively.

Technical Price Chart (as of January 06, 2022). Analysis by Kalkine

Conclusion: Considering the topline growth, long-term profitability issues, technical indicators, and associated risks, we recommend a "Watch" rating on the stock at the closing price of USD 1.85, up 2.78%, as of January 06, 2022.

*The reference data in this report has been partly sourced from REFINITIV.

Disclaimer

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.