|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's range||47.21 - 49.00|
|52-week range||40.52 - 81.19|
|Beta (5Y monthly)||1.18|
|PE ratio (TTM)||2.60|
|Earnings date||26 Apr 2022 - 02 May 2022|
|Forward dividend & yield||0.88 (1.83%)|
|Ex-dividend date||31 May 2022|
|1y target est||56.24|
PayPal Holdings' (NASDAQ: PYPL) stock price popped 9% on Aug. 3 after the digital payments company posted its second-quarter results. PayPal cleared those low bars, but has its stock finally bottomed out after losing nearly two-thirds of its value over the past 12 months? What happened to PayPal?
Shares of mobile payment leader PayPal Holdings (NASDAQ: PYPL) have surrendered 49% of their value year to date, thanks to a broader sell-off linked to stubbornly high inflation and rising interest rates. Macro headwinds, in addition to company-related issues like eBay's (NASDAQ: EBAY) transition to a different payments platform, has led to less-than-ideal growth for the financial technology (fintech) giant of late. Not only does the company hold 50.3% of the online payments processing market, but it also continues to broaden its business with service offerings such as Venmo -- a leading peer-to-peer payment platform -- and buy-now-pay-later (BNPL), an up-and-coming concept that allows consumers to pay for items in an equal number of installments over a set period of time.
Investors were worried heading into the second-quarter earnings update from Etsy (NASDAQ: ETSY), but it turns out those concerns were overblown. As expected, Etsy endured weaker sales trends than investors have seen in recent quarters. Investors had been worried that a weakening consumer spending environment would hurt the business, but Etsy avoided that fate.