The stock price of Pagaya Technologies Ltd (NASDAQ: PGY) has plunged by -16.70 when compared to previous closing price of 14.22, but the company has seen a -0.63% decline in its stock price over the last five trading sessions. youtube.com reported 2024-08-09 that Gal Krubiner, co-founder and CEO at Pagaya, joins ‘The Exchange’ to discuss the fintech company that specializes in AI lending and to provide an inside look into the country’s spending habits.
Is It Worth Investing in Pagaya Technologies Ltd (NASDAQ: PGY) Right Now?
The 36-month beta value for PGY is also noteworthy at 6.41. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PGY is 33.65M, and at present, short sellers hold a 7.84% of that float. The average trading volume of PGY on August 13, 2024 was 1.02M shares.
PGY’s Market Performance
The stock of Pagaya Technologies Ltd (PGY) has seen a -0.63% decrease in the past week, with a -9.02% drop in the past month, and a -6.59% fall in the past quarter. The volatility ratio for the week is 14.09%, and the volatility levels for the past 30 days are at 9.09% for PGY. The simple moving average for the past 20 days is -17.11% for PGY’s stock, with a -13.67% 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 -10.16% 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 -65.00% of loss for the given period.
Volatility was left at 9.09%, however, over the last 30 days, the volatility rate increased by 14.09%, as shares sank -15.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.24% upper at present.
During the last 5 trading sessions, PGY fell by -0.59%, which changed the moving average for the period of 200-days by -17.71% in comparison to the 20-day moving average, which settled at $14.18. In addition, Pagaya Technologies Ltd saw -28.47% 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 YAHAV YULZARI, who proposed sale 250,000 shares at the price of $15.10 back on Aug 09 ’24. After this action, YAHAV YULZARI now owns shares of Pagaya Technologies Ltd, valued at $3,775,000 using the latest closing price.
Yulzari Yahav, the Chief Revenue Officer of Pagaya Technologies Ltd, sale 11,662 shares at $15.78 during a trade that took place back on Aug 09 ’24, which means that Yulzari Yahav is holding 288,037 shares at $184,045 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 -0.15. The total capital return value is set at 0.0. Equity return is now at value -25.20, with -10.01 for asset returns.
Based on Pagaya Technologies Ltd (PGY), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.36. The interest coverage ratio of the stock is -0.31.
Currently, EBITDA for the company is -44.51 million with net debt to EBITDA at 20.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.51. The receivables turnover for the company is 8.93for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.
Conclusion
In summary, Pagaya Technologies Ltd (PGY) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
