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Pagaya Technologies Ltd (NASDAQ: PGY) closed the day trading at $9.96 up 3.21% from the previous closing price of $9.65. In other words, the price has increased by $3.21 from its previous closing price. On the day, 7.61 million shares were traded. PGY stock price reached its highest trading level at $10.45 during the session, while it also had its lowest trading level at $9.812.
Ratios:
For a better understanding of PGY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.80. 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.
On June 17, 2024, Keefe Bruyette started tracking the stock assigning a Outperform rating and target price of $23.
On May 24, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $14.Citigroup initiated its Neutral rating on May 24, 2024, with a $14 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 Aug 01 ’24 when Perros Evangelos sold 24,171 shares for $13.55 per share. The transaction valued at 327,517 led to the insider holds 23,791 shares of the business.
Perros Evangelos sold 1,750 shares of PGY for $22,418 on Jul 01 ’24. The Chief Financial Officer now owns 2,416 shares after completing the transaction at $12.81 per share. On Jul 16 ’24, another insider, DAS SANJIV, who serves as the President of the company, sold 10,794 shares for $14.57 each. As a result, the insider received 157,269 and left with 66,232 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 715280320 and an Enterprise Value of 1322635136. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.80 while its Price-to-Book (P/B) ratio in mrq is 1.36. Its current Enterprise Value per Revenue stands at 1.429 whereas that against EBITDA is 27.479.
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 -24.29%, while the 200-Day Moving Average is calculated to be -24.53%.
Shares Statistics:
Over the past 3-months, PGY traded about 1.38M shares per day on average, while over the past 10 days, PGY traded about 3061630 shares per day. A total of 49.39M shares are outstanding, with a floating share count of 34.48M. Insiders hold about 51.99% of the company’s shares, while institutions hold 27.02% stake in the company. Shares short for PGY as of 1726185600 were 1753206 with a Short Ratio of 1.27, compared to 1723680000 on 2750147. Therefore, it implies a Short% of Shares Outstanding of 1753206 and a Short% of Float of 3.0299999.
