Pagaya Technologies Ltd [PGY] stock is trading at $12.92, up 8.30%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PGY shares have gain 9.08% over the last week, with a monthly amount drifted -11.87%, and not 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 June 17, 2024, when Keefe Bruyette initiated its Outperform rating and assigned the stock a price target of $23. Previously, Citigroup started tracking the stock with Neutral rating on May 24, 2024, and set its price target to $14. On December 14, 2023, Jefferies initiated with a Buy rating and assigned a price target of $2.50 on the stock. JMP Securities started tracking the stock assigning a Mkt Outperform rating and suggested a price target of $2.75 on August 28, 2023. B. Riley Securities initiated its recommendation with a Buy and recommended $4 as its price target on July 27, 2023. The Benchmark Company started tracking with a Buy rating for this stock on April 26, 2023, and assigned it a price target of $2. In a note dated February 16, 2023, Canaccord Genuity upgraded an Buy rating on this stock and boosted its target price from $1.50 to $3.
Pagaya Technologies Ltd [PGY] stock has fluctuated between $8.56 and $29.76 over the past year. 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 $12.92 at the most recent close of the market. An investor can expect a potential drop of -28.41% based on the average PGY price forecast.
Analyzing the PGY fundamentals
Pagaya Technologies Ltd [NASDAQ:PGY] reported sales of 891.47M for the trailing twelve months, which represents a growth of 30.65%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.24 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.36.
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 12.29 points at the first support level, and at 11.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.24, and for the 2nd resistance point, it is at 13.56.
Ratios To Look Out For
For context, Pagaya Technologies Ltd’s Current Ratio is 1.50. As well, the Quick Ratio is 1.50, while the Cash Ratio is 1.04. Considering the valuation of this stock, the price to sales ratio is 1.04, the price to book ratio is 1.76.
Transactions by insiders
Recent insider trading involved Torraco Nicole, Director, that happened on Aug 15 ’24 when 2371.0 shares were sold. Chief Technology Officer, Pardo Avital completed a deal on Aug 09 ’24 to sell 11601.0 shares. Meanwhile, Chief Revenue Officer Yulzari Yahav sold 11662.0 shares on Aug 09 ’24.
