While many investors know that PayPal (NASDAQ: PYPL) has struggled over the past couple of years, fewer might understand the magnitude of its fall. From its peak in August 2021 to now, the company's market cap has declined from $360 billion to $90 billion. That's quite the fall, but is the sell-off overdone? One metric and its direction seem to indicate so.

PayPal is an odd man out in the payments world. It isn't integral to a phone operating system, and thanks to eBay cutting ties with the platform, it isn't a primary payment-processing tool for any commerce stores.

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Source Fool.com