Pagaya Technologies Ltd (NASDAQ: PGY) is -37.98% lower on its value in year-to-date trading and has touched a low of $9.07 and a high of $33.96 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 $10.54 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $10.27, the stock is -26.31% and -28.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -2.56% at the moment leaves the stock -43.42% off its SMA200. PGY registered -12.68% loss for a year compared to 6-month loss of -44.43%. The firm has a 50-day simple moving average (SMA 50) of $1.23 and a 200-day simple moving average (SMA200) of -$21.27.
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The stock witnessed a -42.94% gain in the last 1 month and extending the period to 3 months gives it a -41.38%, and is -2.84% 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 5.77% over the week and 10.23% over the month.
Pagaya Technologies Ltd (PGY) has around 712 employees, a market worth around $723.83M and $772.81M in sales. Fwd P/E is 9.42. Profit margin for the company is -16.62%. Distance from 52-week low is 13.17% and -69.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.82%).
Pagaya Technologies Ltd quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $225.96M over the same period.The EPS is expected to grow by 121.68% this year, but quarterly earnings will post 26.30% year-over-year. Quarterly sales are estimated to grow 21.10% in year-over-year returns.
95 institutions hold shares in Pagaya Technologies Ltd (PGY), with institutional investors hold 48.51% of the company’s shares. The shares outstanding are 49.39M, and float is at 27.71M with Short Float at 3.13%. Institutions hold 37.20% 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.
