1 month ago

Daniel Spence Executes Sell Order: Offloads $360K In PaySign Stock

Revealing a significant insider sell on October 3, Daniel Spence, 10% Owner at PaySign (NASDAQ:PAYS), as per the latest SEC filing.

What Happened: Spence's recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday unveiled the sale of 100,000 shares of PaySign. The total transaction value is $360,500.

As of Thursday morning, PaySign shares are down by 0.0%, currently priced at $3.67.

Delving into PaySign's Background

PaySign Inc is a provider of prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing designed for businesses, consumers, and government institutions. The Company creates customized, payment solutions for clients across industries, including pharmaceutical, healthcare, hospitality, and retail. The company's revenues include fees generated from cardholder fees, interchange, card program management fees, transaction claims processing fees, and settlement income.

Understanding the Numbers: PaySign's Finances

Revenue Growth: PaySign's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 29.8%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.

Evaluating Earnings Performance: