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In the latest session, Pagaya Technologies Ltd (NASDAQ: PGY) closed at $11.93 down -2.13% from its previous closing price of $12.19. In other words, the price has decreased by -$2.13 from its previous closing price. On the day, 0.97 million shares were traded. PGY stock price reached its highest trading level at $12.37 during the session, while it also had its lowest trading level at $11.75.
Ratios:
For a deeper understanding of Pagaya Technologies Ltd’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.53. 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, 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 09 ’24 when Pardo Avital sold 11,601 shares for $15.83 per share. The transaction valued at 183,589 led to the insider holds 433,125 shares of the business.
Yulzari Yahav sold 11,662 shares of PGY for $184,045 on Aug 09 ’24. The Chief Revenue Officer now owns 288,037 shares after completing the transaction at $15.78 per share. On Aug 09 ’24, another insider, YAHAV YULZARI, who serves as the Director of the company, bought 250,000 shares for $15.10 each.
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 856756480 and an Enterprise Value of 1464111360. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 1.582 whereas that against EBITDA is 30.418.
Stock Price History:
Over the past 52 weeks, PGY has reached a high of $29.76, while it has fallen to a 52-week low of $8.56. The 50-Day Moving Average of the stock is -9.94%, while the 200-Day Moving Average is calculated to be -12.77%.
Shares Statistics:
For the past three months, PGY has traded an average of 1.06M shares per day and 1636070 over the past ten days. A total of 49.39M shares are outstanding, with a floating share count of 34.17M. Insiders hold about 52.38% of the company’s shares, while institutions hold 27.05% stake in the company. Shares short for PGY as of 1722384000 were 2636797 with a Short Ratio of 2.49, compared to 1719532800 on 1401320. Therefore, it implies a Short% of Shares Outstanding of 2636797 and a Short% of Float of 4.5500003.
