Where Will Payoneer Global Inc (PAYO) Stock Go Next After It Is Higher By 17.30% in a Week?

The market has been high on Payoneer Global Inc (PAYO) stock recently. PAYO gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Payoneer Global Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PAYO!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PAYO Stock Today?

Payoneer Global Inc (PAYO) stock is higher by 4.14% while the S&P 500 is lower by -1.51% as of 10:07 AM on Wednesday, Oct 5. PAYO has risen $0.28 from the previous closing price of $6.77 on volume of 1,260,393 shares. Over the past year the S&P 500 is down -13.18% while PAYO is lower by -17.16%. PAYO earned $0.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 470.79. To see InvestorsObserver's Sentiment Score for Payoneer Global Inc click here.

More About Payoneer Global Inc

Payoneer Global Inc is the world's go-to partner for digital commerce, everywhere. The company started as a cross-border payments platform that empowers businesses, online sellers, and freelancers. The platform allows the users to get paid in multiple currencies, bill global clients, and sell on marketplaces worldwide. Click Here to get the full Stock Report for Payoneer Global Inc stock.