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In a year marked by significant volatility, 3Pea International Inc. (PAYS) stock has recorded a new 52-week low, dipping to $2.68. This latest price level reflects a persistent downtrend for the payment solutions provider, which has seen its stock value decrease by 13.58% over the past year. The decline has been particularly steep in recent months, with InvestingPro data showing a dramatic 48.41% drop over the past six months, despite the company maintaining strong revenue growth of 27.75%. Investors have been cautious as the company navigates through a challenging economic landscape, with broader market pressures and industry-specific headwinds contributing to the stock’s underperformance. The 52-week low serves as a critical indicator for market watchers and shareholders, who are closely monitoring PAYS’s financial health and strategic initiatives for signs of a potential rebound. According to InvestingPro analysis, the stock appears undervalued at current levels, with the company maintaining profitability at $0.14 per share. Discover more insights and 8 additional ProTips for PAYS in the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Paysign Inc. reported a notable 23% revenue growth in its third-quarter earnings call. This increase, amounting to $15.3 million, was complemented by a 20.6% rise in adjusted EBITDA to $2.8 million. The company’s patient affordability business contributed significantly to this performance, with a surge of 219% and 66 active programs. Additionally, plasma donor compensation revenue grew by 3.4% to $11.4 million.
Despite facing challenges in the plasma business and ongoing legal expenses, Paysign maintains a positive outlook for the remainder of the year. The company anticipates year-over-year revenue growth of 20% to 24%, with expected revenues between $56.5 million and $58.5 million. They also project net income guidance of $3 million to $3.5 million.
In line with this, Paysign announced plans to expand its program offerings, including a new partnership with a leading pharmaceutical company. The company’s unique technology and open book pricing model have been highlighted as competitive advantages. These recent developments suggest a continued upward trajectory in Paysign’s financial and operational performance.
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