PayPal Looking To Rebound

PayPal Inc has historically been a pretty rock solid stock going back to its inception in 2015. By all of GainsGurus Metrics we really like PayPal, so here is the breakdown:

PayPal has given a positive return in all 6 of its years as a publicly traded company for a 100% Positive Return Rate.
In those 6 years it has averaged a 43% return. This stock has given a 555% return since it went public in 2015.
However, PayPal is currently having its worst year ever as a publicly traded company; with low returns and up only a dismal 2.65% Year to Date and underperforming the overall market.

Also PayPal is down 22.08% from its all time high. According to the historical data there isn’t much more downside risk, assuming no unpredicted market event happens. The stock could go even lower, but we think much of this is priced in at this point. According to its historical volatility graph (see below) PayPal usually trades on average -7% away from its all time highs and currently it is down 22.08% from its all time high. This makes PayPal an attractive buy.

The Monthly Charts show that September and October of this year were in Paypal’s five worst months as a publicly traded company:
March 2020: down -11.34%
Sept 2015: down -11.31%
Aug 2021: down -9.86%
Sept 2015: down – 9.56%
Oct 2021: down -7.61%

The last time PayPal traded at $240 was May 13th 2021 in which case PayPal had a nice rally to the upside. See the graph below:

Based on our data provided here at GainsGurus we believe PayPal is becoming an attractive stock over the next few months.