Banking

Paymentus Holdings Stock Meets 80-Plus Relative Strength Rating Benchmark

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Paymentus Holdings (PAY) stock cleared that benchmark Wednesday, with a jump from 66 to 81 Wednesday. The fintech stock debut on May 26.




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As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s unique rating tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.

Over 100 years of market history reveals that the market’s biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves.


Looking For The Best Stocks To Buy And Watch? Start Here


Is Paymentus Holding Stock A Buy?

Paymentus Holdings stock is building a wide cup with handle with a 36.89 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

Paymentus Holdings posted -50% EPS growth in its most recent report, while sales growth came in at 30%. Look for the next report on or around Jan. 28.

The bill payment firm earns the No. 15 rank among its peers in the Finance-Card/Payment Processing industry group. American Express (AXP) and Discover Financial Services (DFS) are also among the group’s highest-rated stocks. For more industry news, check out “Banks And Financial Stocks News And Analysis.”

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