Electronic means of payment are now very popular because they are safe and convenient to use. Such companies attract clients and partners with their innovations. And PayPal is one of the most well-established companies in this industry. Here are the prospects of investing in its stocks.
PayPal is a digital startup. If it is accessible in a certain country, it provides inhabitants of that country with the possibility to store and transact money by using a smartphone connected to the Internet. Currently, the company provides services to almost 250 million users and accepts over 50 currencies.
The company itself was founded in 2000 by Ken Howery, Max Levin, Elon Musk, Luke Nosek, Peter Thiel, and Yu Pan. It was the unification of the companies Confinity and X.com. In 2002, PayPal was sold to eBay but 13 years after this, it became independent again.
PayPal went public through IPO a year after its foundation — in 2002. On NASDAQ, PYPL (stock symbol for PayPal) has been listed since the date it went public. The securities of the company are also tradable on other stock exchanges, and one can buy them through forex brokers or online platforms for stock trading.
PayPal is an innovative company that defines its major goal as making all online payments completely safe and protected. This aim and successful performance of the company in terms of making transactions secure, heavily contribute to the international image of the company.
PayPal is a digital product itself. With the help of this startup, clients can do the following operations:
According to Yahoo! Finance, the PayPal stock price today is 113.71 USD (as of the 25th of March 2022). PYPL stock price amounted to 110.62 USD at the beginning of March. This means that quotes have increased by 2.8% over the month.
The current PayPal stock price isn’t the highest point in quote over the passing month. On the 22nd of March, the cost per share was trading at 119.18 USD. The most significant fall during this month happened on the 8th of March when PYPL stock was trading at 93.37 USD.
In order to figure out whether it’s relevant to invest in the shares of the company, we need to analyze its financial performance over the last few years. In 2020, the company generated total revenue of around 21.4 billion USD. This is 4 billion USD more than the year before. By the end of 21, PayPal Holding Inc. increased these figures by 18.2% up to 25.3 million USD of annual earnings.
Despite increasing revenues, the market capitalization of the company in 2021 was 19.73% lower than the year before — 220.26 billion USD vs 274.41 billion USD. However, the market capitalization in 2021 is much higher than in 2019 because that year the total net worth of PayPal Holdings Inc. was estimated at 126.88 billion USD.
On the 1st of March 2020, the stock of PayPal Holdings Inc. was trading at 95.74 USD. Since then, it has increased by 18.7% and is now trading at 113.71 USD (as of the 25th of March).
>PayPal’s shares are listed on DotBig. To trade these assets you have to register your personal account and choose the financial plan. After you make a deposit that corresponds to the chosen plan, you can invest in shares.
Over the past year, PayPal's share has decreased by 54%.
If you have a personal account on DotBig, you can trade shares of PayPal Holdings Inc. in automatic mode. Use our trading signals and advisors, or sign up for the services of the social trading platform.
The industry of digital payments is one of the fastest-growing industries. So you can look for other financial companies’ stocks to invest in. The most popular options are Skrill Group (WI) and Payoneer Global Inc (PAYO)
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