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

Pagaya Technologies Ltd (NASDAQ: PGY) is -20.29% lower on its value in year-to-date trading and has touched a low of $0.78 and a high of $2.83 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 $1.10 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $1.10, the stock is -3.34% and -13.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.34 million and changing 0.00% at the moment leaves the stock -25.31% off its SMA200. PGY registered -8.33% loss for a year compared to 6-month loss of -52.38%. The firm has a 50-day simple moving average (SMA 50) of $1.34 and a 200-day simple moving average (SMA200) of -$10.69.

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The stock witnessed a -3.51% gain in the last 1 month and extending the period to 3 months gives it a -17.29%, and is -0.90% down 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 6.54% over the week and 9.06% over the month.

Profit margin for the company is -19.99%. Distance from 52-week low is 41.03% and -61.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.12%).

Pagaya Technologies Ltd quarterly earnings per share for the current quarter are estimated at -$0.02 with sales reaching $222.4M over the same period.The EPS is expected to grow by 73.33% this year, but quarterly earnings will post 9.00% year-over-year. Quarterly sales are estimated to grow 15.30% in year-over-year returns.

Pagaya Technologies Ltd (PGY) Top Institutional Holders

91 institutions hold shares in Pagaya Technologies Ltd (PGY), with institutional investors hold 57.60% of the company’s shares. The shares outstanding are 508.38M, and float is at 334.50M with Short Float at 0.85%. Institutions hold 42.78% of the Float.

The top institutional shareholder in the company is Viola Ventures V.c. Management 4 Ltd. with over 98.11 million shares valued at $137.35 million. The investor’s holdings represent 18.37% of the PGY Shares outstanding. As of Jun 29, 2023, the second largest holder is Clal Insurance Enterprises Holdings Ltd with 42.72 million shares valued at $59.8 million to account for 8.00% of the shares outstanding. The other top investors are Tiger Global Management, LLC which holds 32.77 million shares representing 6.14% and valued at over $45.88 million, while Ejf Capital Llc holds 2.94% of the shares totaling 15.71 million with a market value of $22.0 million.