Is Paycom Stock a Buy?
Paycom (NYSE: PAYC) might seem like a risky stock to hold through a pandemic, since demand for its online payroll and human resource services would likely decline as businesses close down. And indeed, the stock dropped to a 52-week low about a year ago during the COVID-19 crash -- but then it soared more than 75% over the past 12 months. It's also rallied more than 1,000% over the past five years.
Let's see why Paycom remained resilient throughout the crisis, and whether or not this high-flying stock still has room to run over the next few years.
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Source Fool.com
