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Payoneer Global Inc
Company Overview: Payoneer Global Inc. (NASDAQ: PAYO) is a financial technology company, which enables small and medium-sized businesses (SMBs) to transact and do business globally. The Company empowers global commerce by connecting businesses, professionals, countries, and currencies with its cross-border payments platform. It enables businesses and professionals around the globe to reach new audiences while reducing the complexity involved in enabling overseas and cross-border trade, by facilitating cross-border payments.
As per our previous US American Technology report published on ‘PAYO’ on 28th February 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 4.58 based on “the expected valuation upside, strategic shifts, optimistic FY24 outlook, outperformance in FY23 topline & profitability financials, attractive valuation, and decent fundamentals” and the stock price has now moved by ~11.79% since then and has attained resistance 1.
Noted below are the details of support and resistance levels provided in our previous report:
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