PAYS - PaySign stock rises after Q4 indicates green shoots in consumer spending

Paysign (PAYS) stock perks up 9% after falling 62% from its 52-week high of $10.98 on Aug. 7.Even though Q4 EPS and revenue missed consensus estimates, investors may be seeing hope for the stock in comments made by CEO Mike Newcomer on the company's earnings call."For the past two quarters, we have seen quarter-over-quarter increases in consumer spending, indicating a gradual return to pre-pandemic normalcy," he said.He also points out that PAYS added 36 new plasma centers in Q4, exiting the year with a total of 340. Its pipeline for new plasma centers this year is on par or better than last year.BTIG analyst Mark Palmer, though, still sees PaySign facing headwinds from stimulus payments and tax refunds, which may "de-incentivize plasma donations and reduce donor card usage."As such, Palmer remains on the sidelines for now.See PAYS stock surge early in the pandemic followed by a 62% plunge vs. SPY's gain in

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PaySign stock rises after Q4 indicates green shoots in consumer spending