Pagaya Technologies Ltd (PGY) Shares Rise Despite Market Challenges

The stock price of Pagaya Technologies Ltd (NASDAQ: PGY) has jumped by 1.10 compared to previous close of 3.21. Despite this, the company has seen a fall of -0.90% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-11 that Pagaya is a hidden gem with tremendous upside potential. I believe its risks of cyclicality, credit, and financial sector risks are already reflected in its low price of $1.10. It has an excellent de-risking AI business model at scale for lenders and investors.

Is It Worth Investing in Pagaya Technologies Ltd (NASDAQ: PGY) Right Now?

compared to its average ratio and a 36-month beta value of 6.85.

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The public float for PGY is 334.50M, and currently, short sellers hold a 0.85% ratio of that float. The average trading volume of PGY on February 12, 2024 was 0.53 shares.

PGY’s Market Performance

PGY’s stock has seen a -0.90% decrease for the week, with a -3.51% drop in the past month and a -17.29% fall in the past quarter. The volatility ratio for the week is 6.54%, and the volatility levels for the past 30 days are at 9.06% for Pagaya Technologies Ltd The simple moving average for the past 20 days is -66.67% for PGY’s stock, with a Feb 21 BMO simple moving average for the past 200 days.

Analysts’ Opinion of PGY

Many brokerage firms have already submitted their reports for PGY stocks, with Jefferies repeating the rating for PGY by listing it as a “Buy.” The predicted price for PGY in the upcoming period, according to Jefferies is $2.50 based on the research report published on December 14, 2023 of the previous year 2023.

PGY Trading at 8.53% 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 -61.13% of loss for the given period.

Volatility was left at 9.06%, however, over the last 30 days, the volatility rate increased by 6.54%. Over the last 50 days, in opposition, the stock is trading -14.73% lower at present.

During the last 5 trading sessions, PGY fell by -0.90%, which changed the moving average for the period of 200-days by +32.53% in comparison to the 20-day moving average, which settled at $1.1380. In addition, Pagaya Technologies Ltd saw -20.29% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for PGY

Equity return is now at value -26.84, with -13.04 for asset returns.

Conclusion

To put it simply, Pagaya Technologies Ltd (PGY) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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