The Paysafe stock (PSFE) plunged by more than 40% on Thursday after the company issued a forecast for sales and profit that fell short of the expectations of investors. However, most investors still believe that the stock is highly undervalued and expect it to shoot up.
To help stock traders eying the Paysafe stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is Paysafe stock?
Paysafe stock is the stock of Paysafe Limited and it trades on the New York stock exchange (NYSE) under the symbol NYSE: PSFE.
Paysafe Limited, which was formerly called Optimal Payments PLC, is an online payments company that runs the Paysafe online payment platform.
Besides the Paysafe platform, Paysafe Limited also offers services through other platforms including Neteller, Paysafecash, Skrill, and Paysafecard, which Paysafe has acquired through mergers and acquisitions.
Should I buy the NYSE: PSFE stock today?
Most investors believe the Paysafe stock is highly undervalued meaning it could be profitable buying the dip.
