Small Cap Payment Technology Disruptor Forms Bullish Flag
Paymentus (PAY) shares of the small cap cloud-based bill payment technology and solutions name are coiling in a tight bull flag and triggered a MACD cross higher the past week as price now closed strongly above its 21 EMA this week. PAY has consolidated its prior quarter’s earnings report beat that saw the stock surge to highs of 38.50 before pulling back into support near the top of one year value area of 30. The stock now has room to run up to 35-36 short term with 40 a likely upper objective that would retest the former 2021 highs. The company expects +20% revenue growth through FY26 and trades at 62x earnings although warranted based on current year’s growth north of +35%.