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PGY Stock Forecast: All the More Reason to Consider Pagaya Technologies Ltd. (PGY) Now

Pagaya Technologies Ltd. (NASDAQ: PGY) is -8.87% lower on its value in year-to-date trading and has touched a low of $0.57 and a high of $34.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PGY stock was last observed hovering at around $0.92 in the last trading session, with the day’s gains setting it 0.21% off its average median price target of $2.00 for the next 12 months. It is also 62.33% off the consensus price target high of $3.00 offered by 4 analysts, but current levels are 16.3% higher than the price target low of $1.35 for the same period.

Currently trading at $1.13, the stock is 1.08% and 2.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.04 million and changing 22.84% at the moment leaves the stock -78.84% off its SMA200. PGY registered -88.55% loss for a year compared to 6-month loss of -89.87%.

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The stock witnessed a -8.13% gain in the last 1 month and extending the period to 3 months gives it a 54.79%, and is 8.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.19% over the week and 12.12% over the month.

Distance from 52-week low is 98.21% and -96.72% from its 52-week high.

Pagaya Technologies Ltd. (PGY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Pagaya Technologies Ltd. (PGY) is a “Hold”. 4 analysts offering their recommendations for the stock have an average rating of 2.50, where 3 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Pagaya Technologies Ltd. is expected to release its quarterly report on 05/31/2023.The EPS is expected to grow by 87.00% this year.

Pagaya Technologies Ltd. (PGY) Top Institutional Holders

The shares outstanding are 681.07M, and float is at 451.76M with Short Float at 1.00%.

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