Pagaya Technologies Ltd [NASDAQ: PGY] stock went on an upward path that rose over 15.53% on Monday, amounting to a one-week price increase of more than 58.00%.
Over the last 12 months, PGY stock rose by 10.83%. The one-year Pagaya Technologies Ltd stock forecast points to a potential upside of 29.62. The average equity rating for PGY stock is currently 1.25, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.38 billion, with 49.39 million shares outstanding and 35.04 million shares in the current float. Compared to the average trading volume of 1.60M shares, PGY stock reached a trading volume of 7721338 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $24.00 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 1.25. 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.
Oppenheimer have made an estimate for Pagaya Technologies Ltd shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 01, 2024. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on August 26, 2024, representing the official price target for Pagaya Technologies Ltd stock. Previously, the target price had yet another raise to $23, while Keefe Bruyette analysts kept a Outperform rating on PGY stock.
The Average True Range (ATR) for Pagaya Technologies Ltd is set at 1.01, with the Price to Sales ratio for PGY stock in the period of the last 12 months amounting to 1.55. The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 3.09. Price to Free Cash Flow for PGY in the course of the last twelve months was 26.67 with Quick ratio for the last quarter at 1.50.
PGY Stock Performance Analysis:
Pagaya Technologies Ltd [PGY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 58.00. With this latest performance, PGY shares gained by 56.68% in over the last four-week period, additionally plugging by 41.46% over the last 6 months – not to mention a rise of 10.83% 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 73.79, with the RSI for the last a single of trading hit 80.16, and the three-weeks RSI is set at 68.60 for Pagaya Technologies Ltd [PGY]. The present Moving Average for the last 50 days of trading for this stock 11.74, while it was recorded at 13.57 for the last single week of trading, and 12.54 for the last 200 days.
Insight into Pagaya Technologies Ltd Fundamentals:
Pagaya Technologies Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.
Pagaya Technologies Ltd [PGY] Institutonal Ownership Details
There are presently around $46.05%, or 56.72%% of PGY stock, in the hands of institutional investors. The top three institutional holders of PGY stocks are: VIOLA VENTURES V.C. MANAGEMENT 4 LTD. with ownership of 8.18 million shares, which is approximately 12.6747%. X-SQUARE CAPITAL, LLC, holding 11879.0 shares of the stock with an approximate value of $$0.15 million in PGY stocks shares; and X-SQUARE CAPITAL, LLC, currently with $$14000.0 in PGY stock with ownership which is approximately 0.0017%.
