At the time of writing, Pagaya Technologies Ltd [PGY] stock is trading at $16.89, up 15.53%. 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 58.00% over the last week, with a monthly amount glided 56.68%, 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 October 01, 2024, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $12. On June 17, 2024, Keefe Bruyette initiated with a Outperform rating and assigned a price target of $23 on the stock. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $14 on May 24, 2024. Jefferies initiated its recommendation with a Buy and recommended $2.50 as its price target on December 14, 2023. JMP Securities started tracking with a Mkt Outperform rating for this stock on August 28, 2023, and assigned it a price target of $2.75. In a note dated July 27, 2023, B. Riley Securities initiated an Buy rating and provided a target price of $4 on this stock.
For the past year, the stock price of Pagaya Technologies Ltd fluctuated between $8.56 and $20.50. 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 $16.89 at the most recent close of the market. An investor can expect a potential drop of -27.83% based on the average PGY price forecast.
Analyzing the PGY fundamentals
According to Pagaya Technologies Ltd [NASDAQ:PGY], the company’s sales were 891.47M for trailing twelve months, which represents an 30.65% jump. 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 15.49 points at the first support level, and at 14.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.74, and for the 2nd resistance point, it is at 18.60.
Ratios To Look Out For
It is important to note that Pagaya Technologies Ltd [NASDAQ:PGY] has a current ratio of 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 1.55, the price to book ratio is 2.30.
Transactions by insiders
Recent insider trading involved Rosen Tami, Chief Development Officer, that happened on Nov 06 ’24 when 7659.0 shares were sold. Director, TAMI ROSEN completed a deal on Nov 06 ’24 to buy 7659.0 shares. Meanwhile, Chief Development Officer Rosen Tami sold 17570.0 shares on Oct 31 ’24.
