Starting in June Repay Holdings Corp. (RPAY) began trading in a sideways range and a rectangle pattern has formed…
Repay Holdings Corp. (RPAY) is engaged in providing integrated payment processing solutions to verticals that have transaction processing needs. It allows customers to pay through Mobile App, Text, Interactive Voice Response, Virtual Terminal, Hosted Payment Page and Online Customer Portal among others.
The company has been benefiting from the switch to e-commerce which has been a boon to the digital payments industry. RPAY offers a suite of software and services for lenders and business transaction processors where there isn’t a lot of competition.
RPAY reported earnings yesterday and outperformed analyst estimates in both earnings and revenues. In particular, card payment volume was $3.8 billion, an increase of 44% year over year, and total revenue was up 43% year over year.
At the end of the quarter, the company had $182.3 million in cash and cash equivalents, compared with $251.3 million in long-term debt. Its total current assets of $203.4 million greatly outweighed its current liabilities of $56.3 million though.
The stock is a bit overvalued with a Price to Sales ratio of 7.37 and a forward P/E of 55.56. The company has shown strong short- and long-term momentum. It is currently rated “Neutral” by our POWR Ratings system.
Take a look at the 1-year chart of RPAY below with added notations…
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