Pagaya Technologies Ltd. (NASDAQ:PGY) went up by 7.14% from its latest closing price compared to the recent 1-year high of $34.50. The company’s stock price has collected -4.55% of loss in the last five trading sessions.
Is It Worth Investing in Pagaya Technologies Ltd. (NASDAQ :PGY) Right Now?
Opinions of the stock are interesting as 0 analysts out of 4 who provided ratings for Pagaya Technologies Ltd. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $1.44, which is $3.14 above the current price. PGY currently public float of 451.76M and currently shorts hold a 0.88% ratio of that float. Today, the average trading volume of PGY was 2.84M shares.
PGY’s Market Performance
PGY stocks went down by -4.55% for the week, with a monthly jump of 58.13% and a quarterly performance of -19.23%, while its annual performance rate touched -89.37%. The volatility ratio for the week stands at 12.76% while the volatility levels for the past 30 days are set at 16.90% for Pagaya Technologies Ltd. The simple moving average for the period of the last 20 days is 0.91% for PGY stocks with a simple moving average of -84.72% for the last 200 days.
Analysts’ Opinion of PGY
Many brokerage firms have already submitted their reports for PGY stocks, with UBS repeating the rating for PGY by listing it as a “Neutral.” The predicted price for PGY in the upcoming period, according to UBS is $1.25 based on the research report published on January 13th of the current year 2023.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see PGY reach a price target of $1.50. The rating they have provided for PGY stocks is “Hold” according to the report published on December 14th, 2022.
Wedbush gave a rating of “Neutral” to PGY, setting the target price at $2 in the report published on October 12th of the previous year.
PGY Trading at 5.36% from the 50-Day Moving Average
After a stumble in the market that brought PGY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.96% of loss for the given period.
Volatility was left at 16.90%, however, over the last 30 days, the volatility rate increased by 12.76%, as shares surge +41.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.64% lower at present.
During the last 5 trading sessions, PGY fell by -4.55%, in comparison to the 20-day moving average, which settled at $1.0558. In addition, Pagaya Technologies Ltd. saw -15.32% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PGY
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.