Pagaya Technologies Ltd (NASDAQ: PGY) is -25.30% lower on its value in year-to-date trading and has touched a low of $8.56 and a high of $20.50 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 $12.00 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $12.37, the stock is 10.63% and 4.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 3.08% at the moment leaves the stock -1.61% off its SMA200. PGY registered -15.85% loss for a year compared to 6-month gain of 26.61%. The firm has a 50-day simple moving average (SMA 50) of $11.8692 and a 200-day simple moving average (SMA200) of $12.573.
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The stock witnessed a 24.45% loss in the last 1 month and extending the period to 3 months gives it a -12.46%, and is 12.86% 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 5.63% over the week and 5.73% over the month.
Pagaya Technologies Ltd (PGY) has around 712 employees, a market worth around $900.79M and $891.47M in sales. Fwd P/E is 24.50. Profit margin for the company is -14.83%. Distance from 52-week low is 44.51% and -39.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.20%).
The EPS is expected to grow by 23.74% this year
157.0 institutions hold shares in Pagaya Technologies Ltd (PGY), with institutional investors hold 55.67% of the company’s shares. The shares outstanding are 49.39M, and float is at 35.01M with Short Float at 17.07%. Institutions hold 45.18% of the Float.
The top institutional shareholder in the company is VIOLA VENTURES V.C. MANAGEMENT 4 LTD. with over 8.18 million shares valued at $104.32 million. The investor’s holdings represent 12.6747 of the PGY Shares outstanding. As of 2024-06-30, the second largest holder is X-SQUARE CAPITAL, LLC with 11879.0 shares valued at $0.15 million to account for 0.0184 of the shares outstanding.
Pagaya Technologies Ltd (PGY) Insider Activity
The most recent transaction is an insider sale by DAS SANJIV, the company’s President. SEC filings show that DAS SANJIV sold 10,683 shares of the company’s common stock on Oct 17 ’24 at a price of $11.77 per share for a total of $0.13 million. Following the sale, the insider now owns 64794.0 shares.
Pagaya Technologies Ltd disclosed in a document filed with the SEC on Oct 11 ’24 that Kim Nam Woo sold a total of 133 shares of the company’s common stock. The trade occurred on Oct 11 ’24 and was made at $10.83 per share for $1440.0. Following the transaction, the insider now directly holds 4180.0 shares of the PGY stock.
Still, SEC filings show that on Sep 30 ’24, Yulzari Yahav (Chief Business Officer) acquired 23,600 shares at an average price of $10.52 for $0.25 million. The insider now directly holds 311,637 shares of Pagaya Technologies Ltd (PGY).
