Pagaya Technologies Ltd [NASDAQ: PGY] surged by $0.24 during the normal trading session on Tuesday and reaching a high of $1.50 during the day while it closed the day at $1.47.
Pagaya Technologies Ltd stock has also gained 8.89% of its value over the past 7 days. However, PGY stock has declined by -30.99% in the 3 months of the year. Over the past six months meanwhile, it has gained 78.59% and gained 18.55% year-on date.
The market cap for PGY stock reached $1.01 billion, with 508.38 million shares outstanding and 298.61 million shares in the current float. Compared to the average trading volume of 6.22M shares, PGY reached a trading volume of 11689533 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Pagaya Technologies Ltd [PGY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PGY shares is $3.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PGY stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JMP Securities have made an estimate for Pagaya Technologies Ltd shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on August 28, 2023.
The Average True Range (ATR) for Pagaya Technologies Ltd is set at 0.13, with the Price to Sales ratio for PGY stock in the period of the last 12 months amounting to 1.36. The Price to Book ratio for the last quarter was 1.96, with the Price to Cash per share for the same quarter was set at 0.41.
PGY stock trade performance evaluation
Pagaya Technologies Ltd [PGY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.89. With this latest performance, PGY shares gained by 13.95% in over the last four-week period, additionally plugging by 78.59% over the last 6 months – not to mention a rise of 5.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PGY stock in for the last two-week period is set at 55.96, with the RSI for the last a single of trading hit 62.72, and the three-weeks RSI is set at 51.67 for Pagaya Technologies Ltd [PGY]. The present Moving Average for the last 50 days of trading for this stock 1.5076, while it was recorded at 1.3080 for the last single week of trading, and 1.4084 for the last 200 days.
Pagaya Technologies Ltd [PGY]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Pagaya Technologies Ltd [PGY] shares currently have an operating margin of -45.96 and a Gross Margin at +34.19. Pagaya Technologies Ltd’s Net Margin is presently recorded at -44.11.
Return on Total Capital for PGY is now -41.25, given the latest momentum, and Return on Invested Capital for the company is -56.55. Return on Equity for this stock declined to -70.16, with Return on Assets sitting at -36.97. When it comes to the capital structure of this company, Pagaya Technologies Ltd [PGY] has a Total Debt to Total Equity ratio set at 38.35. Additionally, PGY Total Debt to Total Capital is recorded at 27.72, with Total Debt to Total Assets ending up at 20.31. Long-Term Debt to Equity for the company is recorded at 25.64, with the Long-Term Debt to Total Capital now at 18.53.
Receivables Turnover for the company is 14.75 with a Total Asset Turnover recorded at a value of 0.84.Pagaya Technologies Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.63 and a Current Ratio set at 4.63.
Pagaya Technologies Ltd [PGY]: Institutional Ownership
The top three institutional holders of PGY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in PGY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in PGY stock with ownership which is approximately 5.7994%.