The stock of Pagaya Technologies Ltd (PGY) has seen a -8.41% decrease in the past week, with a -43.93% drop in the past month, and a -22.12% decrease in the past quarter. The volatility ratio for the week is 6.92%, and the volatility levels for the past 30 days are at 8.18% for PGY. The simple moving average for the past 20 days is -3.75% for PGY’s stock, with a -21.08% simple moving average for the past 200 days.
Is It Worth Investing in Pagaya Technologies Ltd (NASDAQ: PGY) Right Now?
PGY has 36-month beta value of 6.16. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for PGY is 37.84M, and currently, short sellers hold a 19.18% ratio of that float. The average trading volume of PGY on December 11, 2024 was 2.13M shares.
PGY) stock’s latest price update
Pagaya Technologies Ltd (NASDAQ: PGY) has seen a decline in its stock price by -2.07 in relation to its previous close of 9.67. However, the company has experienced a -8.41% decline in its stock price over the last five trading sessions. zacks.com reported 2024-12-03 that The average of price targets set by Wall Street analysts indicates a potential upside of 102.5% in Pagaya Technologies Ltd. (PGY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Analysts’ Opinion of PGY
Many brokerage firms have already submitted their reports for PGY stocks, with Oppenheimer repeating the rating for PGY by listing it as a “Outperform.” The predicted price for PGY in the upcoming period, according to Oppenheimer is $12 based on the research report published on October 01, 2024 of the current year 2024.
The Benchmark Company, on the other hand, stated in their research note that they expect to see PGY reach a price target of $21. The rating they have provided for PGY stocks is “Buy” according to the report published on August 26th, 2024.
Keefe Bruyette gave a rating of “Outperform” to PGY, setting the target price at $23 in the report published on June 17th of the current year.
PGY Trading at -12.80% 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 -53.81% of loss for the given period.
Volatility was left at 8.18%, however, over the last 30 days, the volatility rate increased by 6.92%, as shares sank -12.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.43% lower at present.
During the last 5 trading sessions, PGY fell by -8.12%, which changed the moving average for the period of 200-days by -47.22% in comparison to the 20-day moving average, which settled at $9.84. In addition, Pagaya Technologies Ltd saw -42.81% 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 Torraco Nicole, who sale 2,371 shares at the price of $8.92 back on Nov 15 ’24. After this action, Torraco Nicole now owns 9,487 shares of Pagaya Technologies Ltd, valued at $21,161 using the latest closing price.
NICOLE TORRACO, the Director of Pagaya Technologies Ltd, proposed sale 2,371 shares at $9.47 during a trade that took place back on Nov 15 ’24, which means that NICOLE TORRACO is holding shares at $22,453 based on the most recent closing price.
Stock Fundamentals for PGY
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.39 for the gross margin
The net margin for Pagaya Technologies Ltd stands at -0.19. The total capital return value is set at 0.03. Equity return is now at value -35.64, with -13.73 for asset returns.
Based on Pagaya Technologies Ltd (PGY), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09.
Currently, EBITDA for the company is -24.4 million with net debt to EBITDA at 9.54. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
To put it simply, Pagaya Technologies Ltd (PGY) has had a bad performance in recent times. Analysts have a bullish 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.
