Pagaya Technologies Ltd (PGY) concluded trading on Thursday at a closing price of $9.65, with 13.96 million shares of worth about $134.72 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.04% during that period and on September 26, 2024 the price saw a loss of about -22.49%. Currently the company’s common shares owned by public are about 49.39M shares, out of which, 34.48M shares are available for trading.
Stock saw a price change of -23.11% in past 5 days and over the past one month there was a price change of -29.15%. Year-to-date (YTD), PGY shares are showing a performance of -41.73% which decreased to -47.78% 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 $20.50 during that period. The average intraday trading volume for Pagaya Technologies Ltd shares is 1.17 million. The stock is currently trading -24.13% below its 20-day simple moving average (SMA20), while that difference is down -27.21% for SMA50 and it goes to -27.03% 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 27.02% of that.
The stock has a current market capitalization of $693.06M and its 3Y-monthly beta is at 6.43. It has posted earnings per share of -$1.96 in the same period. It has Quick Ratio of 1.50 while making debt-to-equity ratio of 1.43. 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 6.30% while standing at 6.85% over the month.
Stock’s fiscal year EPS is expected to rise by 25.69% while it is estimated to increase by 111.04% 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 The Benchmark Company on August 26, 2024 offering a Buy rating for the stock and assigned a target price of $21 to it. Coverage by Keefe Bruyette stated Pagaya Technologies Ltd (PGY) stock as an Outperform in their note to investors on June 17, 2024, suggesting a price target of $23 for the stock. On May 24, 2024, Citigroup Initiated their recommendations, while on December 14, 2023, Jefferies Initiated their ratings for the stock with a price target of $2.50. Stock get a Mkt outperform rating from JMP Securities on August 28, 2023.
