The stock of Pagaya Technologies Ltd (PGY) has gone down by -1.44% for the week, with a 0.31% rise in the past month and a -22.89% drop in the past quarter. The volatility ratio for the week is 8.86%, and the volatility levels for the past 30 days are 6.59% for PGY.. The simple moving average for the past 20 days is -2.65% for PGY’s stock, with a -17.49% simple moving average for the past 200 days.
Is It Worth Investing in Pagaya Technologies Ltd (NASDAQ: PGY) Right Now?
Company’s 36-month beta value is 6.17.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for PGY is 38.15M, and currently, short sellers hold a 19.87% ratio of that floaft. The average trading volume of PGY on December 26, 2024 was 2.22M shares.
PGY) stock’s latest price update
Pagaya Technologies Ltd (NASDAQ: PGY) has experienced a rise in its stock price by 8.47 compared to its previous closing price of 8.86. However, the company has seen a fall of -1.44% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-23 that Pagaya Technologies leverages AI and machine learning to improve loan decision-making, aiming to enhance lender’s customer acquisition and underwriting accuracy. Despite strong Q3 results, concerns remain due to significant impairment charges, weak Q4 guidance, and potential growth deceleration in 2025. The stock’s valuation is cheap but justified given ongoing impairments, high delinquency rates, and uncertain profitability path, warranting a cautious stance.
Analysts’ Opinion of PGY
Many brokerage firms have already submitted their reports for PGY stocks, with UBS repeating the rating for PGY by listing it as a “Neutral.” The predicted price for PGY in the upcoming period, according to UBS is $11 based on the research report published on December 20, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see PGY reach a price target of $12. The rating they have provided for PGY stocks is “Outperform” according to the report published on October 01st, 2024.
The Benchmark Company gave a rating of “Buy” to PGY, setting the target price at $21 in the report published on August 26th of the current year.
PGY Trading at -10.12% 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 -51.95% of loss for the given period.
Volatility was left at 6.59%, however, over the last 30 days, the volatility rate increased by 8.86%, as shares sank -8.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.50% lower at present.
During the last 5 trading sessions, PGY fell by -1.33%, which changed the moving average for the period of 200-days by -37.80% in comparison to the 20-day moving average, which settled at $9.87. In addition, Pagaya Technologies Ltd saw -42.03% 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 1.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
In a nutshell, Pagaya Technologies Ltd (PGY) has experienced a bad 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.
