Barrington is Buying This "Undiscovered" Penny Stock

Analysts are already bullish on PYDS stock

Jan 30, 2019 at 2:06 PM
facebook X logo linkedin

The shares of Payment Data Systems, Inc. (NASDAQ:PYDS) are surging, after Barrington Research initiated coverage with an "outperform" rating and $5 price target -- a 123% premium to last night's close. The brokerage firm called PYDS "an undiscovered micro-cap stock with a disruptive technology application in the payment facilitator platform."

In reaction, PYDS stock has shot up 11.2% to trade at $2.51, putting it on track for its best day since March 6. The shares hit a 14-month low of $1.38 on Dec. 31, but spent most of 2018 bouncing between support at $1.60 and resistance around $2. By year's end, they had shed 37.8% over the 12-month time period, but are up 51.8% so far in 2019.

pyds stock daily chart jan 30

Barrington's bullish outlook on Payment Data Systems isn't new, with 100% of those in coverage already maintaining a "buy" or better rating on the stock. Plus, the average 12-month price target of $4.50 is a 78.6% premium to current trading levels.

Short sellers, meanwhile, have been exiting their positions for most of the last year. Short interest is down 60% from its mid-March peak, and now accounts for just 2.3% of PYDS stock's available float. However, it would still take bears more than a week to cover their remaining bets, at the equity's average daily pace of trading.


Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.

Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!




Rainmaker Ads CGI