The Paysafe stock (PSFE) plunged by more than 40% on Thursday after the company issued a forecast for sales and profit that fell short of the expectations of investors. However, most investors still believe that the stock is highly undervalued and expect it to shoot up.
To help stock traders eying the Paysafe stock, Invezz has created a brief article on what it is and the best places to buy it.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
To find out more, please continue reading.
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
Skilling is a CFD trading platform that offers instruments from markets around the world (Forex, Commodities, Indices, Stocks). Their proprietary platform has been designed to be both intuitive and user-friendly to ensure that anybody who wants to start trading the world’s markets, can feel confident and secure enough to trade without being apprehensive or intimidated when confronted by numbers, graphs and acronyms.
Register with Skilling instantly
Paysafe stock is the stock of Paysafe Limited and it trades on the New York stock exchange (NYSE) under the symbol NYSE: PSFE.
Paysafe Limited, which was formerly called Optimal Payments PLC, is an online payments company that runs the Paysafe online payment platform.
Besides the Paysafe platform, Paysafe Limited also offers services through other platforms including Neteller, Paysafecash, Skrill, and Paysafecard, which Paysafe has acquired through mergers and acquisitions.
Most investors believe the Paysafe stock is highly undervalued meaning it could be profitable buying the dip.
Though it has highly dropped today following the release of the company’s price and profit forecast that was below what investors anticipated, investors still have hopes that the stock price shall rise in the future.
10/10
67% of retail CFD accounts lose money
There is good reason to be afraid. Previous down markets have seen declines in excess…
United Parcel Service, Inc. (NYSE:UPS) and FedEx Corporation (NYSE:FDX) are two robust logistics companies. Both…
Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June,…
Invezz does not provide financial advice. Our aim is to simplify information about investing, enabling…
Noma, a Japanese film studio, has announced that it is producing three feature films that…
Bitcoin (BTC) saw continued strength on June 21 as Wall Street trading opened with a…