Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
The price of Pagaya Technologies Ltd (NASDAQ: PGY) closed at $10.41 in the last session, up 0.68% from day before closing price of $10.34. In other words, the price has increased by $0.68 from its previous closing price. On the day, 0.74 million shares were traded. PGY stock price reached its highest trading level at $10.948 during the session, while it also had its lowest trading level at $10.34.
Ratios:
We take a closer look at PGY’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 733696768 and an Enterprise Value of 1059516096. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 1.305 whereas that against EBITDA is -204.817.
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 $8.56. The 50-Day Moving Average of the stock is -15.19%, while the 200-Day Moving Average is calculated to be -39.64%.
Shares Statistics:
According to the various share statistics, PGY traded on average about 1.40M shares per day over the past 3-months and 964440 shares per day over the past 10 days. A total of 49.39M shares are outstanding, with a floating share count of 33.24M. Insiders hold about 52.84% of the company’s shares, while institutions hold 17.41% stake in the company. Shares short for PGY as of 1713139200 were 1267811 with a Short Ratio of 0.90, compared to 1710460800 on 866090. Therefore, it implies a Short% of Shares Outstanding of 1267811 and a Short% of Float of 2.2399999999999998.
