Hi Brigitte,
Since PAY just went public less than three months ago, there isn't enough information to generate a form report. That being said, we did provide our thoughts on the company when it was in the process of going public. You can find those thoughts here:
https://www.stocktrades.ca/premium/payfare-files-for-ipo-on-tsx/
The company ended up opening around $6,00 per share before dipping and rebounding to trade in the 6-7 range for a couple months. Then news of its partnership with MasterCard hit and it has been on an upwards swing ever since. The upwards swing also coincides with positive industry sentiment as LSPD, NVEI and SHOP all touched all time highs recently.
We very much like the company, but its definitely not cheap with a P/S ratio of ~31. While cheaper than SHOP/LSPD it is more expensive than NVEI. As a newly listed company it will be all about execution for Payfare. It has only posted 1 quarter worth of financials since it went public, and there were no analysts covering the company at that time. Now that it has, it will be important to see how it fares against estimates. I think Payfare is likely going to be quite volatile much like the others mentioned. Given the run up in price and the fact it is firmly in overbought territory with a 14-day RSI of 88 - I'd be cautious at these levels.
That being said, taking position on dips and periods of consolidation has proven to be a winning proposition for others in the industry - it may be something to consider with Payfare as well. I'm still hesitant because it has not built up investor trust since it only just began trading. However, it can hit targets and estimates, it could certainly be a good stock long-term.
Mat