Pagaya Technologies Ltd [NASDAQ: PGY] traded at a high on Monday, posting a 12.17 gain after which it closed the day’ session at $1.29. The company report on January 25, 2024 at 8:30 AM that Pagaya Closes New $400 Million Consumer Loan Deal, Reflecting Continued Strong Investor Demand.
First Asset Backed Securitization of 2024 after raising $6.6 billion in 2023.
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Pagaya remains the #1 ABS issuer of personal loans in the U.S.
The results of the trading session contributed to over 10221085 shares changing hands. Over the past one week, the price volatility of Pagaya Technologies Ltd stands at 8.77% while the volatility over the past one month is 8.82%.
The market cap for PGY stock reached $920.35 million, with 508.38 million shares outstanding and 334.50 million shares in the current float. Compared to the average trading volume of 8.27M shares, PGY reached a trading volume of 10221085 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $3.21 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 1.33. 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.
Jefferies have made an estimate for Pagaya Technologies Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 14, 2023.
The Average True Range (ATR) for Pagaya Technologies Ltd is set at 0.11, with the Price to Sales ratio for PGY stock in the period of the last 12 months amounting to 1.24. The Price to Book ratio for the last quarter was 1.72, with the Price to Cash per share for the same quarter was set at 0.39.
How has PGY stock performed recently?
Pagaya Technologies Ltd [PGY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.21. With this latest performance, PGY shares dropped by -8.51% in over the last four-week period, additionally sinking by -47.77% over the last 6 months – not to mention a rise of 31.57% 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 54.88, with the RSI for the last a single of trading hit 62.16, and the three-weeks RSI is set at 51.49 for Pagaya Technologies Ltd [PGY]. The present Moving Average for the last 50 days of trading for this stock 1.3076, while it was recorded at 1.1800 for the last single week of trading, and 1.4641 for the last 200 days.
Pagaya Technologies Ltd [PGY]: Deeper insight into the fundamentals
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.
Earnings analysis for Pagaya Technologies Ltd [PGY]
With the latest financial reports released by the company, Pagaya Technologies Ltd posted -0.05/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 37.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PGY.
Insider trade positions for Pagaya Technologies Ltd [PGY]
The top three institutional holders of PGY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in PGY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in PGY stock with ownership which is approximately 5.8325%.
