Shares of digital payments company Paysafe (PSFE) plunged 15% in a day after missing earnings earlier this month, and haven't really recovered since. Although the company reported a 41% increase in "total payment volume" and a 13% increase in revenues, beat revenue expectations, and turned a $15.9 million loss a year ago into a $6.6 million profit in this year's Q2, investors nonetheless punished the stock -- presumably because its guidance for fiscal Q3, and to a lesser extent its guidance for the full year, didn't quite measure up to Wall Street's expectations.
https://www.tipranks.com/news/article/undervalued-paysafe-stock-is-a-growth-play-says-analyst?utm_source=advfn.com&utm_medium=referral
Paysafe (NYSE:PSFE)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more Paysafe Charts.
Paysafe (NYSE:PSFE)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more Paysafe Charts.