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Payoneer: Market Worries Too Much

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Update - May 30, 2023
Somehow, Payoneer continues to tick lower despite the impressive growth during a tough global economy. The stock should be trading at all-time highs. 

Finviz Chart

Original article posted on May 17
  • Payoneer Global Inc. reported another quarter of strong growth, with sales surging 40% in Q1 2023.
  • The global payments company has substantial growth ahead via new financial products and expansion of existing products like commercial card and check out.
  • Payoneer Global stock is cheap at a forward EV/S multiple of 1.5x, especially for a fintech likely to maintain 20% growth.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
No matter the results, Payoneer Global Inc. (NASDAQ:PAYO) appears unliked by the markets. The global payments company reported another quarter with massive growth, yet the stock fell to recent lows below $5 due to

Read the full article on Seeking Alpha. 

Disclosure: Long PAYO. Please review the disclaimer page for more details. 

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