Home
Stock Ideas
Long Ideas
PaySign: Plasma Donations Are Increasing Again
Jan. 25, 2023 11:16 AM ETPaySign, Inc. (PAYS)
A. Vandendael profile picture
A. Vandendael
319 Followers
Exchanging money via smart phones
PM Images
PaySign, Inc. (NASDAQ:PAYS) is a micro-cap card and payment solution with a market cap of $177.12 million. Over the last five years, it has rewarded investors with returns of 347.30%. Before COVID-19, it showed incredibly positive top and bottom-line upward trending performances for five consecutive years. However, 90% of its business is from its plasma card programs on which individuals are paid money for donating plasma. Due to COVID-19 economic relief, the number of donors dropped massively. Therefore, financials took a significant hit in 2020 and have not yet fully recovered. However, the incentive to donate plasma has increased again as individuals face an inflationary market increasing everyday living costs; furthermore, since September 2022, Mexican citizens have been allowed to donate in the US centres. These tailwinds and a growing number of new customers to the pharma card programs have led to YoY growth of 36.4% from Q3 2021.
graph
One-year stock trend (seekingalpha.com)
TTM revenue is at an all-time high of $36.2 million, and TTM earnings are positive. As tailwinds continue to guide performance, and the management team plans to add 3 to 4 new agreements every month, this stock has a lot more upside potential. Investors may want to take a bullish stance on this company
Bullish
News 
Market Data 
Discover 
