Pagaya Technologies Ltd (NASDAQ: PGY)’s stock price has plunge by 2.30relation to previous closing price of 14.54. Nevertheless, the company has seen a 5.12% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-07-31 that NEW YORK–(BUSINESS WIRE)–Pagaya Technologies Ltd. (“Pagaya” or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today that the Company’s management team will participate in the following investor conferences: Oppenheimer 27th Annual Technology, Internet & Communications Conference Date: August 12, 2024 Location: Virtual J.P. Morgan Future of Financials Forum Date: August 13, 2024 Location: Virtual Canaccord 44th Annu.
Is It Worth Investing in Pagaya Technologies Ltd (NASDAQ: PGY) Right Now?
Company’s 36-month beta value is 6.45.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for PGY is 33.65M, and currently, short sellers hold a 8.41% ratio of that floaft. The average trading volume of PGY on July 31, 2024 was 991.70K shares.
PGY’s Market Performance
PGY stock saw an increase of 5.12% in the past week, with a monthly gain of 11.59% and a quarterly increase of 52.88%. The volatility ratio for the week is 6.88%, and the volatility levels for the last 30 days are 6.34% for Pagaya Technologies Ltd (PGY). The simple moving average for the past 20 days is 5.86% for PGY’s stock, with a 8.04% simple moving average for the past 200 days.
Analysts’ Opinion of PGY
Many brokerage firms have already submitted their reports for PGY stocks, with Keefe Bruyette repeating the rating for PGY by listing it as a “Outperform.” The predicted price for PGY in the upcoming period, according to Keefe Bruyette is $23 based on the research report published on June 17, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see PGY reach a price target of $14. The rating they have provided for PGY stocks is “Neutral” according to the report published on May 24th, 2024.
Jefferies gave a rating of “Buy” to PGY, setting the target price at $2.50 in the report published on December 14th of the previous year.
PGY Trading at 15.67% 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 -56.20% of loss for the given period.
Volatility was left at 6.34%, however, over the last 30 days, the volatility rate increased by 6.88%, as shares surge +9.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.95% upper at present.
During the last 5 trading sessions, PGY rose by +4.24%, which changed the moving average for the period of 200-days by -8.27% in comparison to the 20-day moving average, which settled at $14.11. In addition, Pagaya Technologies Ltd saw -10.18% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PGY starting from Pardo Avital, who sale 200 shares at the price of $15.61 back on Jul 23 ’24. After this action, Pardo Avital now owns 444,726 shares of Pagaya Technologies Ltd, valued at $3,122 using the latest closing price.
Perros Evangelos, the Chief Financial Officer of Pagaya Technologies Ltd, sale 11,293 shares at $12.15 during a trade that took place back on Jun 25 ’24, which means that Perros Evangelos is holding 0 shares at $137,166 based on the most recent closing price.
Stock Fundamentals for PGY
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.37 for the gross margin
The net margin for Pagaya Technologies Ltd stands at -0.11. The total capital return value is set at -0.01. Equity return is now at value -15.36, with -6.91 for asset returns.
Based on Pagaya Technologies Ltd (PGY), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.03. The interest coverage ratio of the stock is 0.45.
Currently, EBITDA for the company is -44.51 million with net debt to EBITDA at -939.92. When we switch over and look at the enterprise to sales, we see a ratio of 1.74. The receivables turnover for the company is 8.84for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.36.
Conclusion
In a nutshell, Pagaya Technologies Ltd (PGY) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
