Pagaya Technologies Ltd (NASDAQ: PGY): Stock That Needs Special Handling

Currently, there are 49.39M common shares owned by the public and among those 35.04M shares have been available to trade.

The company’s stock has a 5-day price change of 58.00% and 35.12% over the past three months. PGY shares are trading 1.99% year to date (YTD), with the 12-month market performance up to 10.83% higher. It has a 12-month low price of $8.56 and touched a high of $20.50 over the same period. PGY has an average intraday trading volume of 1.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 39.13%, 43.85%, and 34.70% respectively.

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Institutional ownership of Pagaya Technologies Ltd (NASDAQ: PGY) shares accounts for 26.84% of the company’s 49.39M shares outstanding.

It has a market capitalization of $1.38B and a beta (3y monthly) value of 6.33. The earnings-per-share (ttm) stands at -$1.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.21% over the week and 7.30% over the month.

Earnings per share for the fiscal year are expected to increase by 23.74%, and 130.66% over the next financial year.

Looking at the support for the PGY, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on October 01, 2024, with the firm’s price target at $12. The Benchmark Company coverage for the Pagaya Technologies Ltd (PGY) stock in a research note released on August 26, 2024 offered a Buy rating with a price target of $21. Keefe Bruyette was of a view on June 17, 2024 that the stock is Outperform, while Citigroup gave the stock Neutral rating on May 24, 2024, issuing a price target of $14. Jefferies on their part issued Buy rating on December 14, 2023.

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