Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Pagaya Technologies Ltd (NASDAQ: PGY) closed the day trading at $9.01 down -4.66% from the previous closing price of $9.45. In other words, the price has decreased by $-4.66 from its previous closing price. On the day, 2.12 million shares were traded. PGY stock price reached its highest trading level at $9.5392 during the session, while it also had its lowest trading level at $8.56.
Ratios:
For a better understanding of PGY, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.05 and its Current Ratio is at 4.05. In the meantime, Its Debt-to-Equity ratio is 0.87 whereas as Long-Term Debt/Eq ratio is at 0.79.
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, Jefferies on December 14, 2023, initiated with a Buy rating and assigned the stock a target price of $2.50.
On August 28, 2023, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $2.75.
On July 27, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $4.B. Riley Securities initiated its Buy rating on July 27, 2023, with a $4 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 Apr 05 ’24 when DAS SANJIV bought 22,727 shares for $10.57 per share. The transaction valued at 240,336 led to the insider holds 22,727 shares of the business.
Rosen Tami bought 10,000 shares of PGY for $104,723 on Apr 05 ’24. The Chief People Officer now owns 28,818 shares after completing the transaction at $10.47 per share. On Apr 04 ’24, another insider, Pardo Avital, who serves as the Chief Technology Officer of the company, bought 38,480 shares for $10.36 each. As a result, the insider paid 398,634 and bolstered with 444,926 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 635024832 and an Enterprise Value of 999055296. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 1.23 whereas that against EBITDA is -193.129.
Stock Price History:
Over the past 52 weeks, PGY has reached a high of $33.96, while it has fallen to a 52-week low of $8.90. The 50-Day Moving Average of the stock is -31.51%, while the 200-Day Moving Average is calculated to be -49.13%.
Shares Statistics:
Over the past 3-months, PGY traded about 1.33M shares per day on average, while over the past 10 days, PGY traded about 1240860 shares per day. A total of 49.39M shares are outstanding, with a floating share count of 33.24M. Insiders hold about 52.83% of the company’s shares, while institutions hold 16.59% stake in the company. Shares short for PGY as of 1711584000 were 1809473 with a Short Ratio of 1.36, compared to 1709164800 on 246291. Therefore, it implies a Short% of Shares Outstanding of 1809473 and a Short% of Float of 4.22.
Earnings Estimates
Investors are eagerly awaiting the insights provided by Procter & Gamble Company (The) analysts currently analyzing and rating the stock of Pagaya Technologies Ltd (PGY).The consensus estimate for the next quarter is $213.00, with high estimates of $6.65 and low estimates of $9.01.
