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Wednesday, November 25, 2020

Repay Holdings Corporation (NASDAQ:RPAY) is Gaining Momentum on Earnings Catalyst

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Repay Holdings Corporation (RPAY) shares are trading at higher $25.81 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $15.50.

To add more color to this target, the company’s high over the last year is $27.93 and the low is $10.69. Over the last 52 weeks, RPAY is down -7.59% while the S&P 500 is down -0.42%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, RPAY reported a profit of $27.77 million. Repay Holdings Corporation also saw revenues increase to $36.5 million. In addition, RPAY has free cash flow of $1.68 million as of 06-2020. The company’s EBITDA came in at $8.35 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. RPAY has a short ratio of 3.95 and outstanding shares of 58.52M.

Company Outlook

RPAY has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.0 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.34. Repay Holdings Corporation RPAY also noted assets of $980.13 million at the end of the last quarter. Investors should also keep an eye on sector updates as RPAY has historically followed its peers on positive news.

All told, Repay Holdings Corporation RPAY has strung together solid data and demonstrated underlying fundamentals. At its current valuation, RPAY represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Repay Holdings Corporation RPAY is now commanding a market cap of 2.13B and a float of 44.51M. RPAY is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of RPAY stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in RPAY, either long or short, and we have not been compensated for this article.

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