At the time of writing, Pagaya Technologies Ltd [PGY] stock is trading at $10.40, up 7.33%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PGY shares have gain 10.05% over the last week, with a monthly amount glided 1.27%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Pagaya Technologies Ltd [NASDAQ: PGY] stock has seen the most recent analyst activity on December 14, 2023, when Jefferies initiated its Buy rating and assigned the stock a price target of $2.50. Previously, JMP Securities started tracking the stock with Mkt Outperform rating on August 28, 2023, and set its price target to $2.75. On July 27, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $4 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $2 on April 26, 2023. Canaccord Genuity upgraded its rating to a Buy and raised its price target to $3 on February 16, 2023. UBS started tracking with a Neutral rating for this stock on January 13, 2023, and assigned it a price target of $1.25. In a note dated December 14, 2022, Canaccord Genuity initiated an Hold rating and provided a target price of $1.50 on this stock.
For the past year, the stock price of Pagaya Technologies Ltd fluctuated between $8.56 and $33.96. Currently, Wall Street analysts expect the stock to reach $9.25 within the next 12 months. Pagaya Technologies Ltd [NASDAQ: PGY] shares were valued at $10.40 at the most recent close of the market. An investor can expect a potential drop of -11.06% based on the average PGY price forecast.
Analyzing the PGY fundamentals
According to Pagaya Technologies Ltd [NASDAQ:PGY], the company’s sales were 772.81M for trailing twelve months, which represents an 18.10% jump. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.31 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.79.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.86 points at the first support level, and at 9.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.69, and for the 2nd resistance point, it is at 10.99.
Pagaya Technologies Ltd [PGY] reported earnings per share of -$0.24 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.17/share, meaning a difference of -$0.07 and a surprise factor of -41.20%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.36 per share as compared to estimates of -$0.24 per share, a difference of -$0.12 representing a surprise of -50.00%.
Ratios To Look Out For
It is important to note that Pagaya Technologies Ltd [NASDAQ:PGY] has a current ratio of 4.05. Also, the Quick Ratio is 4.05, while the Cash Ratio stands at 2.71. Considering the valuation of this stock, the price to sales ratio is 0.95, the price to book ratio is 1.15.
Transactions by insiders
Recent insider trading involved DAS SANJIV, President, that happened on Apr 05 ’24 when 22727.0 shares were purchased. Chief People Officer, Rosen Tami completed a deal on Apr 05 ’24 to buy 10000.0 shares. Meanwhile, Chief Technology Officer Pardo Avital bought 38480.0 shares on Apr 04 ’24.
