North America
“Priority Technology Skyrockets 227% in a Year: Should You Buy it?”
• The article discusses the significant increase in priority technology, with a 227% increase in a year.
• The company Zacks, a provider of this technology, is highlighted as a potential investor.
• The article also includes a link to a trading platform where users can trade Zacks.
• The platform’s logo is a link to a trading platform, with the logos showcasing the company’s growth and potential.
• The platform also features a symbol container with symbols for NASDAQ-PRTH and NASDAQ-BYRN.
PRTH’s Q3 2024 Performance and Outlook
• PRTH’s Q3 2024 saw a 9.7% year-over-year growth in merchant bankcard processing dollar value, indicating management’s efforts.
• The company aims to expand its distribution network to attract and retain high-quality resellers.
• PRTH’s technology offerings can help manage sales and grow their merchant portfolio, attracting and retaining merchants.
• The company’s strong performance in Q3 2024 led to a 20.1% rise in the top line year over year. Key metrics such as merchant bankcard processing dollar value and B2B issuing dollar volume improved.
• In the enterprise payments segment, PRTH observed 40.9% year-over-year growth in average billed clients and an 11.7% rise in average monthly new enrolments.
• The company is poised to continue its upward trajectory as the demand for mobile payment technologies grows.
• PRTH’s stock looks undervalued, priced at 12.8 times forward 12-month earnings per share, lower than the industry’s average of 41.5 times.
• The company has a current ratio of 1.04 at the end of the third quarter, lower than the industry’s 2.21.
• The Zacks Consensus Estimate for 2024 revenues is $878.8 million, indicating 16.3% growth from the year-ago reported level.
• The consensus estimate for loss in 2024 is 20 cents per share compared to the year-ago quarter’s loss of 63 cents per share.
• The stock’s discounted valuation serves as an appealing investment opportunity, with greater returns on capital than the industry and a robust liquidity position.
