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As of close of business last night, Pagaya Technologies Ltd’s stock clocked out at $11.92, down -12.16% from its previous closing price of $13.57. In other words, the price has decreased by -$12.16 from its previous closing price. On the day, 1.23 million shares were traded. PGY stock price reached its highest trading level at $12.52 during the session, while it also had its lowest trading level at $11.35.
Ratios:
To gain a deeper understanding of PGY’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.92. For the most recent quarter (mrq), Quick Ratio is recorded 2.36 and its Current Ratio is at 2.36. In the meantime, Its Debt-to-Equity ratio is 1.10 whereas as Long-Term Debt/Eq ratio is at 0.90.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Keefe Bruyette on June 17, 2024, initiated with a Outperform rating and assigned the stock a target price of $23.
On May 24, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $14.
On December 14, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $2.50.Jefferies initiated its Buy rating on December 14, 2023, with a $2.50 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 23 ’24 when Pardo Avital sold 200 shares for $15.61 per share. The transaction valued at 3,122 led to the insider holds 444,726 shares of the business.
Perros Evangelos sold 11,293 shares of PGY for $137,166 on Jun 25 ’24. The Chief Financial Officer now owns 0 shares after completing the transaction at $12.15 per share. On Jun 20 ’24, another insider, Torraco Nicole, who serves as the Director of the company, sold 4,743 shares for $12.04 each. As a result, the insider received 57,098 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PGY now has a Market Capitalization of 845130368 and an Enterprise Value of 1357373568. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.01 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 1.559 whereas that against EBITDA is 44.807.
Stock Price History:
Over the past 52 weeks, PGY has reached a high of $33.84, while it has fallen to a 52-week low of $8.56. The 50-Day Moving Average of the stock is -8.33%, while the 200-Day Moving Average is calculated to be -13.28%.
Shares Statistics:
It appears that PGY traded 1.00M shares on average per day over the past three months and 868030 shares per day over the past ten days. A total of 49.39M shares are outstanding, with a floating share count of 33.65M. Insiders hold about 52.55% of the company’s shares, while institutions hold 22.23% stake in the company. Shares short for PGY as of 1721001600 were 2831295 with a Short Ratio of 2.83, compared to 1718323200 on 1369890. Therefore, it implies a Short% of Shares Outstanding of 2831295 and a Short% of Float of 4.97.
