Pagaya Technologies Ltd (PGY) concluded trading on Thursday at a closing price of $12.60, with 4.21 million shares of worth about $53.08 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.22% during that period and on May 09, 2024 the price saw a gain of about 20.00%. Currently the company’s common shares owned by public are about 49.39M shares, out of which, 33.24M shares are available for trading.
Stock saw a price change of 21.86% in past 5 days and over the past one month there was a price change of 14.65%. Year-to-date (YTD), PGY shares are showing a performance of -23.91% which increased to 29.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.56 but also hit the highest price of $33.96 during that period. The average intraday trading volume for Pagaya Technologies Ltd shares is 1.43 million. The stock is currently trading 24.80% above its 20-day simple moving average (SMA20), while that difference is up 7.82% for SMA50 and it goes to -25.66% lower than SMA200.
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Pagaya Technologies Ltd (NASDAQ: PGY) currently have 49.39M outstanding shares and institutions hold larger chunk of about 17.92% of that.
The stock has a current market capitalization of $888.05M and its 3Y-monthly beta is at 6.54. It has posted earnings per share of -$0.40 in the same period. It has Quick Ratio of 4.05 while making debt-to-equity ratio of 0.87. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PGY, volatility over the week remained 6.41% while standing at 6.70% over the month.
Analysts are in expectations that Pagaya Technologies Ltd (PGY) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is $0.58 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.21 which is $0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 125.31% while it is estimated to increase by 116.59% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on December 14, 2023 offering a Buy rating for the stock and assigned a target price of $2.50 to it. Coverage by JMP Securities stated Pagaya Technologies Ltd (PGY) stock as a Mkt outperform in their note to investors on August 28, 2023, suggesting a price target of $2.75 for the stock. On July 27, 2023, B. Riley Securities Initiated their recommendations, while on April 26, 2023, The Benchmark Company Initiated their ratings for the stock with a price target of $2. Stock get a Buy rating from Canaccord Genuity on February 16, 2023.
