An In-Depth Look at Pagaya Technologies Ltd’s (PGY) Stock Performance

The stock of Pagaya Technologies Ltd (PGY) has seen a -9.71% decrease in the past week, with a -48.37% drop in the past month, and a -42.75% decrease in the past quarter. The volatility ratio for the week is 6.58%, and the volatility levels for the past 30 days are at 10.20% for PGY. The simple moving average for the last 20 days is -25.80% for PGY’s stock, with a simple moving average of -47.57% for the last 200 days.

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

PGY has 36-month beta value of 6.70. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for PGY is 27.71M, and currently, short sellers hold a 3.13% ratio of that float. The average trading volume of PGY on April 03, 2024 was 1.24M shares.

PGY) stock’s latest price update

Pagaya Technologies Ltd (NASDAQ: PGY)’s stock price has soared by 0.21 in relation to previous closing price of 9.46. Nevertheless, the company has seen a loss of -9.71% in its stock price over the last five trading days. Business Wire reported 2024-03-19 that NEW YORK–(BUSINESS WIRE)–Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya,” the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced plans to host a virtual fireside chat, with CEO Gal Krubiner, CFO Evangelos Perros and President Sanjiv Das. The conversation will be moderated by John Hecht from Jefferies, on Tuesday, March 26, 2024 at 1:00 PM ET. During the session, management will address a range of topi.

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.

JMP Securities, on the other hand, stated in their research note that they expect to see PGY reach a price target of $2.75. The rating they have provided for PGY stocks is “Mkt Outperform” according to the report published on August 28th, 2023.

B. Riley Securities gave a rating of “Buy” to PGY, setting the target price at $4 in the report published on July 27th of the previous year.

PGY Trading at -32.87% 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 -72.08% of loss for the given period.

Volatility was left at 10.20%, however, over the last 30 days, the volatility rate increased by 6.58%, as shares sank -44.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.85% lower at present.

During the last 5 trading sessions, PGY fell by -9.71%, which changed the moving average for the period of 200-days by -34.17% in comparison to the 20-day moving average, which settled at $12.39. In addition, Pagaya Technologies Ltd saw -42.75% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for PGY

Current profitability levels for the company are sitting at:

  • -0.06 for the present operating margin
  • 0.34 for the gross margin

The net margin for Pagaya Technologies Ltd stands at -0.21. The total capital return value is set at -0.04. Equity return is now at value -23.07, with -11.35 for asset returns.

Based on Pagaya Technologies Ltd (PGY), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 0.79. The interest coverage ratio of the stock is -2.56.

Currently, EBITDA for the company is -44.51 million with net debt to EBITDA at -7.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.23. The receivables turnover for the company is 9.51for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.05.

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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