Pagaya Technologies Ltd [PGY] stock prices are up 3.03% to $12.93 at the moment. 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 7.57% over the last week, with a monthly amount glided 6.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Keefe Bruyette started tracking the stock with Outperform rating on June 17, 2024, and set its price target to $23. On May 24, 2024, Citigroup initiated with a Neutral rating and assigned a price target of $14 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $2.50 on December 14, 2023. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $2.75 as its price target on August 28, 2023. B. Riley Securities started tracking with a Buy rating for this stock on July 27, 2023, and assigned it a price target of $4. In a note dated April 26, 2023, The Benchmark Company initiated an Buy rating and provided a target price of $2 on this stock.
The stock price of Pagaya Technologies Ltd [PGY] has been fluctuating between $8.56 and $24.12 over the past year. Currently, Wall Street analysts expect the stock to reach $12.19 within the next 12 months. Pagaya Technologies Ltd [NASDAQ: PGY] shares were valued at $12.93 at the most recent close of the market. An investor can expect a potential drop of -5.72% based on the average PGY price forecast.
Analyzing the PGY fundamentals
The Pagaya Technologies Ltd [NASDAQ:PGY] reported sales of 891.47M for trailing twelve months, representing a surge 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 12.22 points at the first support level, and at 11.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.56, and for the 2nd resistance point, it is at 14.18.
Ratios To Look Out For
It’s worth pointing out that Pagaya Technologies Ltd [NASDAQ:PGY]’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 Perros Evangelos, Chief Financial Officer, that happened on Aug 01 ’24 when 24171.0 shares were sold. Chief Financial Officer, Perros Evangelos completed a deal on Jul 01 ’24 to sell 1750.0 shares. Meanwhile, President DAS SANJIV sold 10794.0 shares on Jul 16 ’24.
