Paysafe Limited

Paysafe Limited (NYSE: PSFE) operates a specialized payments platform and aids businesses and consumers in connecting and transacting via payment processing, digital wallet, and online cash solutions. November 11, 2021, it offers around 70 payment types in more than 40 currencies worldwide.

Key Highlights

• PSFE reported a slight 0.54% decline in revenue to USD 353.59 million in Q3FY21 (ended September 30, 2021) from USD 355.51 million in Q3FY20.
• Its Q3FY21 net loss was USD 147.20 million vs. USD 38.13 million reported in Q3FY20.
• On November 03, 2021, PSFE announced that it completed the migration of its Skrill and NETELLER digital wallets and associated business services to Amazon Web Services (AWS) as part of its global multi-year agreement with AWS.
• On November 02, 2021, it released the Paysafe Platform with SuperBook Sports in Colorado and New Jersey.
• The stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels and its RSI Index is at 22.45.
• It made a new 52-week low today and is trading below its previous 52-week range of USD 4.11 to USD 19.57.
• PSFE's stock price fell 60.91% in the past twelve months.

Technical Price Chart (as of November 18, 2021). Analysis by Kalkine

Conclusion: Considering the global market presence, decent leverage (Debt/Equity ratio of 0.89 as of Q3FY21 end) and the technical indicators, we recommend a "Watch" rating on the stock at the current price of USD 4.07, down 5.68%, as of November 18, 2021, at 10:41 AM ET.

*The reference data in this report has been partly sourced from REFINITIV.

SOS Limited

SOS Limited (NYSE: SOS) is a blockchain-based provider of data-driven solutions and data center escrow services via cloud computing, AI, satellite, 5G network, etc. Through its subsidiary SOS International Trading Co. Ltd., it is also engaged in commodity trading since April 2021.

Key Highlights

• In H1FY21 (ended June 30, 2021), the company reported net revenue of USD 184.48 million, 17.62x more than USD 9.91 million in H1FY20, due to the national market expansion, plus the generation of revenue from newly added crypto mining and commodity trading operations.
• However, the net loss for the period increased to USD 20.41 million from USD 8.77 million reported in H1FY20.
• On November 10, 2021, SOS agreed to issue 51.5 million new American Depositary Shares (ADS) to certain accredited investors at USD 1.75 per ADS, for aggregate gross proceeds of ~USD 90.13 million.
• On November 09, 2021, SOS announced the receipt of 6 units under the Phase I construction of its supercomputing and hosting center in Marinette county Wisconsin. An additional 11 mobile smart data center units are currently in transit and are expected to be received in December 2021.
• As of June 30, 2021, the company had USD 185.45 million in cash and cash equivalents and no outstanding debt.
• Stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels and its RSI Index is at 26.20.
• It is leaning towards the lower end of its 52-week range of USD 1.21 to USD 15.88.
• SOS's stock price corrected 37.28% in the past twelve months.

Technical Price Chart (as of November 18, 2021). Analysis by Kalkine

Conclusion: Considering the growth initiatives, low-profit margins, and technical indicators, we recommend a "Watch" rating on the stock at the current price of USD 1.29, down 5.15%, as of November 18, 2021, at 10:38 AM ET.

*The reference data in this report has been partly sourced from REFINITIV.