Payfare (TSE:PAY) Stock Price Expected to Rise, Raymond James Analyst Says

Payfare (TSE:PAY) had its price objective upped by investment analysts at Raymond James from C$3.00 to C$4.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ target price suggests a potential upside of 3.90% from the company’s previous close.

PAY has been the subject of several other research reports. B. Riley lowered shares of Payfare from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Cantor Fitzgerald raised shares of Payfare to a “strong-buy” rating in a research note on Thursday, October 3rd.

Payfare Price Performance

Shares of Payfare stock opened at C$3.85 on Tuesday. The firm has a market cap of C$184.72 million, a PE ratio of 9.63 and a beta of 1.80. Payfare has a twelve month low of C$1.76 and a twelve month high of C$8.90. The business has a 50-day moving average price of C$2.17 and a 200 day moving average price of C$5.00. The company has a quick ratio of 0.32, a current ratio of 1.22 and a debt-to-equity ratio of 0.08.

About Payfare

Payfare Inc, a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, funds transfers, bill payments, and savings wallets; Paid Portal by Payfare, a payout solution for gig workforces; and Paid App by Payfare, a digital banking app.