Pagaya Technologies Ltd (NASDAQ: PGY) is -4.52% lower on its value in year-to-date trading and has touched a low of $8.20 and a high of $20.00 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 $8.81 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $8.87, the stock is -4.76% and -11.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 0.68% at the moment leaves the stock -23.10% off its SMA200. PGY registered -36.28% loss for a year compared to 6-month loss of -39.62%. The firm has a 50-day simple moving average (SMA 50) of $10.0896 and a 200-day simple moving average (SMA200) of $11.53765.
The stock witnessed a -7.99% gain in the last 1 month and extending the period to 3 months gives it a -18.25%, and is -2.31% 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 5.66% over the week and 7.43% over the month.
Pagaya Technologies Ltd (PGY) has around 712 employees, a market worth around $653.33M and $939.31M in sales. Fwd P/E is 20.92. Profit margin for the company is -18.94%. Distance from 52-week low is 8.17% and -55.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.62%).
with sales reaching $265.41M over the same period.The EPS is expected to shrink by -21.26% this year, but quarterly earnings will post 25.40% year-over-year. Quarterly sales are estimated to grow 21.72% in year-over-year returns.
177.0 institutions hold shares in Pagaya Technologies Ltd (PGY), with institutional investors hold 62.56% of the company’s shares. The shares outstanding are 60.16M, and float is at 37.98M with Short Float at 23.42%. Institutions hold 52.71% 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 Rosen Tami, the company’s Chief Development Officer. SEC filings show that Rosen Tami sold 21,547 shares of the company’s common stock on Jan 02 ’25 at a price of $9.97 per share for a total of $0.21 million. Following the sale, the insider now owns 73550.0 shares.
Pagaya Technologies Ltd disclosed in a document filed with the SEC on Jan 02 ’25 that Perros Evangelos (Chief Financial Officer) sold a total of 21,305 shares of the company’s common stock. The trade occurred on Jan 02 ’25 and was made at $9.97 per share for $0.21 million. Following the transaction, the insider now directly holds 54029.0 shares of the PGY stock.
Still, SEC filings show that on Jan 02 ’25, DAS SANJIV (President) disposed off 6,343 shares at an average price of $9.97 for $63240.0. The insider now directly holds 75,528 shares of Pagaya Technologies Ltd (PGY).
