During the last session 10M of PayPal Holdings, Inc.’s (NasdaqGS:PYPL) shares were traded. The stock closed at $270.99 per share indicating that it lost -$4.54 or -1.65% during that day which brings the PayPal Holdings, Inc.’s valuation to $318.42B.
The 52-week high for the PayPal Holdings, Inc.’s shares is $310.16. That puts it -12.63% from that peak but still a 39.81% gain since the share price dropped to a 52-week low of $171.63, while the S&P 500’s share price change was of 33.41%.
The company currently has a 66.11 P/E ratio and a price target of $317.76.
What does the trading volume tell us about the PYPL stock?
During the last trading session, PayPal Holdings, Inc. (NasdaqGS:PYPL) has seen growth in its daily volume. The daily volume was of 7M, while in the last 10 days the average was 9.01M and last three months – 6.69M.
The increasing interest in the PYPL stock from the investors is helping to drive the stock price up.
Shrinking short interest
The PayPal Holdings, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 11.11M shares being shorted which translates into 1.79 of a short ratio for PYPL, while in the previous month the shorted shares were 14.27M.
PayPal Holdings, Inc. (NasdaqGS:PYPL)’s financials
With a market cap of 318.42B, PayPal Holdings, Inc. holds a total cash of $12.39B that translates into $10.55 per share, while the total debt is of $9.69B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 18.60%. The current revenue is of $23.85B that is $20.32 per share.
This is a great sign for a bright future.