Paymentus Holdings, Inc. (PAY, Financial) saw a significant stock movement with a 5.04% increase in its share price, reaching $20.82 per share with a trading volume of 136,340 shares. The turnover rate was reported at 0.11%, with a volatility of 3.83%.
Financially, Paymentus recently reported revenues of $197 million and a net profit of $9.36 million, translating to earnings per share of $0.08. The company boasts a gross profit of $54.98 million and a high price-to-earnings ratio of 79.92.
Regarding analyst ratings, out of six firms, 17% recommended buying the stock, while 83% suggested holding it, with no sell recommendations.
Within the software services sector, where Paymentus operates, the average stock increase was 0.68%. Notably, other stocks such as Datchat Inc, Wag Group, and Hub Cyber Security saw significant gains. In terms of trading activity, Cemtrex Inc, Microalgo, and Freight Technologies were notably active, while Arqit Quantum, Rezolve Ai, and Wag Group exhibited high volatility.
Paymentus Holdings Inc specializes in providing e-billing and payment services through a secure multi-channel Software-as-a-Service (SaaS) technology platform. The company's platform integrates with billing companies' core financial and operational systems to offer flexible and secure payment processing through various channels, generating income from transaction fees based on the transaction value.
