Pagaya Technologies Ltd (NASDAQ: PGY) is -47.40% lower on its value in year-to-date trading and has touched a low of $8.20 and a high of $20.40 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 $9.09 in the last trading session, with the day’s loss setting it -0.38%.
Currently trading at $8.71, the stock is -12.50% and -19.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.63 million and changing -4.18% at the moment leaves the stock -25.99% off its SMA200. PGY registered -55.47% loss for a year compared to 6-month loss of -26.81%. The firm has a 50-day simple moving average (SMA 50) of $10.8031 and a 200-day simple moving average (SMA200) of $11.808975.
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The stock witnessed a 1.04% gain in the last 1 month and extending the period to 3 months gives it a -29.36%, and is -8.12% 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 7.73% over the week and 6.70% over the month.
Pagaya Technologies Ltd (PGY) has around 712 employees, a market worth around $641.54M and $939.31M in sales. Fwd P/E is 15.69. Profit margin for the company is -18.94%. Distance from 52-week low is 6.22% and -57.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.62%).
The EPS is expected to shrink by -19.64% this year
178.0 institutions hold shares in Pagaya Technologies Ltd (PGY), with institutional investors hold 62.47% of the company’s shares. The shares outstanding are 60.16M, and float is at 38.15M with Short Float at 19.02%. Institutions hold 52.74% 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 Torraco Nicole, the company’s Director. SEC filings show that Torraco Nicole sold 2,371 shares of the company’s common stock on Nov 15 ’24 at a price of $8.92 per share for a total of $21161.0. Following the sale, the insider now owns 9487.0 shares.
Still, SEC filings show that on Nov 11 ’24, Yulzari Yahav (Chief Business Officer) disposed off 150,000 shares at an average price of $15.50 for $2.32 million. The insider now directly holds 161,637 shares of Pagaya Technologies Ltd (PGY).
