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PaySign ( (PAYS) ) just unveiled an update.
On November 25, 2024, Paysign, a company involved in financial services, entered into a Stipulation and Agreement of Settlement to resolve stockholder derivative actions pending in the United States District Court for the District of Nevada. These actions alleged violations of the Exchange Act, breaches of fiduciary duty, unjust enrichment, and waste. The settlement, which is not an admission of fault, requires Paysign to adopt corporate governance reforms and will result in the dismissal of the actions with prejudice, pending court approval. The settlement is seen as beneficial for the company and its shareholders, avoiding the costs and risks of litigation.
The most recent analyst rating on (PAYS) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on PaySign stock, see the PAYS Stock Forecast page.
Spark’s Take on PAYS Stock
According to Spark, TipRanks’ AI Analyst, PAYS is a Neutral.
PaySign’s strong financial performance and positive earnings call sentiment are significant strengths, driving the overall score. However, the high P/E ratio and mixed technical indicators present some risks. The company’s strategic expansion and revenue growth in key segments are promising, but challenges in the plasma compensation business and valuation concerns temper the outlook.
To see Spark’s full report on PAYS stock, click here.
More about PaySign
Average Trading Volume: 950,471
Technical Sentiment Signal: Buy
Current Market Cap: $312M
Find detailed analytics on PAYS stock on TipRanks’ Stock Analysis page.