Is Paysign Inc (NASDAQ: PAYS) a Good Choice for Investors?

Paysign Inc (NASDAQ: PAYS) was up 1.04% on Friday and gained 30 cents to exit at $2.91 after moving in the range of $2.88 – $2.96 throughout the day. The stock has a 52-week high of $10.98, while its 52-week low is $2.77. 1.7K shares were trading in the market at the ring of bells compared with its average trading volume of 406.03K shares. Headquartered in Nevada, United States, the company has a market capitalization of $147.80 million. 

March 2021 financial report

The company had reported its first-quarter financial performance in March 2021. The company’s revenue came in at $6.28 million, down 40.63% from a year before. The net income of Paysign was booked at $1.62 million, depicting a 205.36% decrease on a year-over-year basis. The diluted earnings per share came in at $0.03, representing a 200% decrease compared with the same period from a year prior. At the end of the quarter, the company had $6.56 million cash on hand. 

Negative financial and stock performance 

The investors in the long haul know that PAYS has been 1,611.76% up in the last five years, but its price has gone up just $2.74. Since the previous year, there has been a 66.44% decline in the price. In the last six months, PAYS has remained consistently down. There has been a 38.35% downtrend on the stock. Since the beginning of the year, the only time when the stock came in the green zone is on Friday, when it jumped 1.04%. There has been no particular reason for this surge as such. 

So, is this stock a good bet? Unfortunately, with all negative trends, including the financial metrics, PAYS doesn’t seem to be the best 10 stocks that you must own at the moment.