Shares of $PYPL+0.2% are down as much as 7% in extended trading. The company reported missed operating margin estimates of 21.4%, estimate of 22%. Conversely, the company's revenue was slightly above analysts' estimates, coming in at $7.29 billion versus $7.27 billion. Earnings per share were also higher than expected at $1.16 versus $1.15.
PayPal
PYPLOpen $59.38
Day range $58.83 - $60.16
52 week range $50.25 - $76.54
The company's stock peaked during the Covid era when its price was at $308, since then the stock price has been steadily declining. The stock found its bottom at $58.95.
Do you see an opportunity for this company in the future and are you buying at such low prices? Or are you waiting for an even lower price?
For me, $PYPL+0.2% is an interesting opportunity at current prices.
I already looked at the company and did some analysis but then I forgot about this company, so thanks for reminding me :). Around that $60 I would probably think about buying it.
Unfortunately with the results, I'm rather annoyed that as I'm looking at big tech this week, plus the US downgrade is probably the main news I would say, so I missed this and although I have $PYPL+0.2% as well, I dare say it was a bit expected, not so bad results, but worse yes, plus the loss of users and the change of CEO, these are big events to be uncertain about. I did today although an investor is not supposed to do that when not a trader, so closed a position against, hence short. I think we will see more below. My guess at about $60, so I figure I just need to go down another $2-3 and cover my loss from the drop, then I'm out.
Around the $60 mark, I think it was a steal. I'm a little sorry to see it go, but I don't mind. I have a tiny position in $PYPL+0.2%, so I'm waiting for us to go higher.