Buy $V - NRPicks Ene 31Visa is the world's largest payment processor. In fiscal year 2020, it processed nearly $9 trillion in purchase transactions. Visa operates in more than 200 countries and processes transactions in more than 160 currencies. Its systems are capable of processing more than 65,000 transactions per second.
The pandemic has affected electronic payment companies to a lesser extent, Visa has reduced its sales by 17%. Visa and its major competitors (Mastercard and Paypal) have developed and expanded their brand around the world. Operationally, the company maintains a low level of debt compared to its competitors so it will meet its financial obligations.
Fundamentals:
- Growth
- 15.7% estimated net profit growth for the next 3 years.
- ROE 30% VS 13.7% industry
Technicals:
- Price level below the 250-200-150 SMA.
- Williams R% at -79 levels
- RSI oversold (37)
- -10% downside during the month
Visa showed an 11% correction from Dec. 9 to Jan. 28, which stopped at $193.6 support. The last results presentation on January 28th have not affected the share price, so it should have been already discounted. Finally, technical indicators such as SMA and Williams R% show positive signals for the stock.
