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After finishing at $11.92 in the prior trading day, Pagaya Technologies Ltd (NASDAQ: PGY) closed at $11.94, up 0.17%. In other words, the price has increased by $0.17 from its previous closing price. On the day, 0.99 million shares were traded. PGY stock price reached its highest trading level at $12.09 during the session, while it also had its lowest trading level at $11.72.
Ratios:
Our goal is to gain a better understanding of PGY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.78. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 1.43 whereas as Long-Term Debt/Eq ratio is at 1.06.
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, Oppenheimer on October 01, 2024, initiated with a Outperform rating and assigned the stock a target price of $12.
On June 17, 2024, Keefe Bruyette started tracking the stock assigning a Outperform rating and target price of $23.Keefe Bruyette initiated its Outperform rating on June 17, 2024, with a $23 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 17 ’24 when DAS SANJIV sold 10,683 shares for $11.77 per share. The transaction valued at 125,739 led to the insider holds 64,794 shares of the business.
Kim Nam Woo sold 133 shares of PGY for $1,440 on Oct 11 ’24. The insider now owns 4,180 shares after completing the transaction at $10.83 per share. On Sep 30 ’24, another insider, Yulzari Yahav, who serves as the Chief Business Officer of the company, bought 23,600 shares for $10.52 each. As a result, the insider paid 248,171 and bolstered with 311,637 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 857474624 and an Enterprise Value of 1463393152. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 1.581 whereas that against EBITDA is 30.403.
Stock Price History:
Over the past 52 weeks, PGY has reached a high of $20.50, while it has fallen to a 52-week low of $8.56. The 50-Day Moving Average of the stock is 0.10%, while the 200-Day Moving Average is calculated to be -5.46%.
Shares Statistics:
The stock has traded on average 1.52M shares per day over the past 3-months and 1339730 shares per day over the last 10 days, according to various share statistics. A total of 49.39M shares are outstanding, with a floating share count of 35.01M. Insiders hold about 51.92% of the company’s shares, while institutions hold 26.10% stake in the company. Shares short for PGY as of 1727654400 were 5488432 with a Short Ratio of 3.61, compared to 1724976000 on 2427125. Therefore, it implies a Short% of Shares Outstanding of 5488432 and a Short% of Float of 9.4799995.
