Pagaya Technologies Ltd [PGY] stock is trading at $10.50, up 9.72%. An important factor to consider is whether the stock is rising or falling in short-term value. The PGY shares have gain 22.45% over the last week, with a monthly amount drifted -12.50%, 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 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.
Pagaya Technologies Ltd [PGY] stock has fluctuated between $8.20 and $20.50 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 $10.50 at the most recent close of the market. An investor can expect a potential return of 16.1% based on the average PGY price forecast.
Analyzing the PGY fundamentals
Pagaya Technologies Ltd [NASDAQ:PGY] reported sales of 939.31M for the trailing twelve months, which represents a growth of 23.75%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.33 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.98.
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 10.02 points at the first support level, and at 9.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.81, and for the 2nd resistance point, it is at 11.11.
Ratios To Look Out For
For context, Pagaya Technologies Ltd’s Current Ratio is 1.17. On the other hand, the Quick Ratio is 1.17, and the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 0.88, the price to book ratio is 1.65.
Transactions by insiders
Recent insider trading involved Torraco Nicole, Director, that happened on Nov 15 ’24 when 2371.0 shares were sold. Director, NICOLE TORRACO completed a deal on Nov 15 ’24 to buy 2371.0 shares. Meanwhile, Chief Business Officer Yulzari Yahav sold 0.15 million shares on Nov 11 ’24.
