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published in Blogs
Oct 07, 2019

PayPal (PYPL, $102.79) withdraws from Facebook's (FB, $180.45) Libra

PayPal is officially pulling out from Facebook’s Libra Association.

“PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations,” PayPal said in a statement on Friday.

However, PayPal said it is still “supportive of Libra’s aspirations” and that it will continue to collaborate with Facebook in the future.

Libra is a permissioned blockchain digital currency proposed by social media giant Facebook. But the digital coin has come under the scrutiny of several regulators, ever since it was announced in June. Federal Reserve Chairman Jerome Powell indicated  that Libra raises “serious concerns regarding privacy, money laundering, consumer protection, financial stability”.  The Fed formed a working group to investigate it.  Rep. Maxine Waters, D-Calif., chairwoman of the House Financial Services Committee, told CNBC in June about Facebook's Libra, “it’s very important for them to stop right now what they’re doing so that we can get a handle on this” and also said Congress would “move aggressively” to deal with it.

Facebook apparently tried to assuage regulatory concerns by stating that the company would not be have sole control over the currency. The Libra Association had been made up of 28 corporate backers, including Facebook, who are supposed to help govern Libra. All founding members were expected to invest a minimum of $10 million towards the association, according to Facebook’s initial announcement of the project. Those investments have not been made yet.

Paypal’s withdrawal comes close on the heels of a Wall Street Journal report (Wednesday) that hinted at Visa, Mastercard , and other financial partners getting apprehensive about the Libra project and "reconsidering" their involvement with it,  amid scrutiny from government officials. 

 

Related Ticker: PYPL

PYPL in +1.69% Uptrend, advancing for three consecutive days on February 27, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where PYPL advanced for three days, in of 316 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 23, 2024. You may want to consider a long position or call options on PYPL as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

PYPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The Moving Average Convergence Divergence Histogram (MACD) for PYPL turned negative on January 31, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

PYPL moved below its 50-day moving average on February 08, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for PYPL crossed bearishly below the 50-day moving average on February 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PYPL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for PYPL entered a downward trend on February 20, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. PYPL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.063) is normal, around the industry mean (4.433). P/E Ratio (15.667) is within average values for comparable stocks, (28.944). Projected Growth (PEG Ratio) (0.498) is also within normal values, averaging (3.940). PYPL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.046). P/S Ratio (2.237) is also within normal values, averaging (24.438).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PYPL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.

Notable companies

The most notable companies in this group are VISA (NYSE:V), Mastercard (NYSE:MA), American Express Company (NYSE:AXP), PayPal Holdings (NASDAQ:PYPL), Capital One Financial (NYSE:COF), United Rentals (NYSE:URI), Discover Financial Services (NYSE:DFS), Synchrony Financial (NYSE:SYF), SLM Corp (NASDAQ:SLM), Bread Financial Holdings (NYSE:BFH).

Industry description

A leasing company (e.g. United Rentals, Inc. ) is typically the legal owner of the asset for the duration of the lease, while the lessee has operating control over the asset while also having some share of the economic risks and returns from the change in the valuation of the underlying asset. Per capita disposable income and corporate earnings or cash flow could be some of the critical metrics for this business – the higher the values of these metrics, the potentially greater ability of consumers/businesses to afford apartments/office spaces for rent. Other finance companies include credit/debit card payment processing companies (e.g. Visa Inc. and Mastercard), private label credit cards providers (e.g. Synchrony Financial) and automobile finance companies (e.g. Credit Acceptance Corporation).

Market Cap

The average market capitalization across the Finance/Rental/Leasing Industry is 11.07B. The market cap for tickers in the group ranges from 2.17K to 581.65B. V holds the highest valuation in this group at 581.65B. The lowest valued company is AZNVF at 2.17K.

High and low price notable news

The average weekly price growth across all stocks in the Finance/Rental/Leasing Industry was 0%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 15%. AIHS experienced the highest price growth at 31%, while JTCHY experienced the biggest fall at -82%.

Volume

The average weekly volume growth across all stocks in the Finance/Rental/Leasing Industry was -16%. For the same stocks of the Industry, the average monthly volume growth was -18% and the average quarterly volume growth was 20%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 45
P/E Growth Rating: 65
Price Growth Rating: 49
SMR Rating: 66
Profit Risk Rating: 79
Seasonality Score: -38 (-100 ... +100)
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PYPLDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of digital and mobile payments on behalf of consumers and merchants

Industry FinanceRentalLeasing

Profile
Fundamentals
Details
Industry
Data Processing Services
Address
2211 North First Street
Phone
+1 408 967-1000
Employees
27200
Web
https://www.paypal.com
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PYPL and

Correlation & Price change

A.I.dvisor indicates that over the last year, PYPL has been loosely correlated with PRAA. These tickers have moved in lockstep 47% of the time. This A.I.-generated data suggests there is some statistical probability that if PYPL jumps, then PRAA could also see price increases.

1D
1W
1M
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6M
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Ticker /
NAME
Correlation
To PYPL
1D Price
Change %
PYPL100%
+1.40%
PRAA - PYPL
47%
Loosely correlated
-2.81%
UPBD - PYPL
46%
Loosely correlated
+1.69%
RKT - PYPL
43%
Loosely correlated
+4.18%
AXP - PYPL
41%
Loosely correlated
+0.47%
BBDC - PYPL
40%
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