There’s some lift after earnings reports from$Palantir (PLTR.US)$and$Payoneer Global (PAYO.US)$Glad to see some momentum today after a rather gloomy trading well last week. Will be glad to have the election behind us. Also plenty of moment from$ZIM Integrated Shipping (ZIM.US)$which I think is still oversold, although my other shipping stocks are still lagging and down a lot.$Stride (LRN.US)$also being good to me with huge lift after unexpectedly...
$Payoneer Global (PAYO.US)$ Positive Record quarterly revenue of $248.3 million, up 19% YoY Net income increased 224% YoY to $41.6 million B2B volume grew 57% YoY to $2.8 billion Merchant Services volume up 142% YoY Raised 2024 revenue guidance to $950-960 million Card spend increased 41% YoY to $1.4 billion Negative Take Rate declined 5 basis points YoY to 122 bps Transaction costs as % of revenue increased 70 bps YoY to 15.3%
Having more luck today on my paper trades. Typically don’t pick very volatile stocks, but definitely noticing that they are a better way to play this game. Always impressed by those with the dedication and knowledge to buy low and sell on high volatilty stocks.
Despite forecasted growth beyond the broader industry, anticipated revenue volatility might lead to wavering P/S ratio and lower selling prices accepted by shareholders, suggesting potential impact on share prices.
Payoneer Global Stock Forum
What's wrong with software sector?
Positive
Record quarterly revenue of $248.3 million, up 19% YoY
Net income increased 224% YoY to $41.6 million
B2B volume grew 57% YoY to $2.8 billion
Merchant Services volume up 142% YoY
Raised 2024 revenue guidance to $950-960 million
Card spend increased 41% YoY to $1.4 billion
Negative
Take Rate declined 5 basis points YoY to 122 bps
Transaction costs as % of revenue increased 70 bps YoY to 15.3%
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