Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of Pagaya Technologies Ltd (NASDAQ: PGY) closed at $10.85 in the last session, down -2.34% from day before closing price of $11.11. In other words, the price has decreased by -$2.34 from its previous closing price. On the day, 1.2 million shares were traded. PGY stock price reached its highest trading level at $11.27 during the session, while it also had its lowest trading level at $10.81.
Ratios:
We take a closer look at PGY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.03. 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:
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 Oct 11 ’24 when Kim Nam Woo sold 133 shares for $10.83 per share. The transaction valued at 1,440 led to the insider holds 4,180 shares of the business.
Yulzari Yahav bought 23,600 shares of PGY for $248,171 on Sep 30 ’24. The Chief Business Officer now owns 311,637 shares after completing the transaction at $10.52 per share. On Oct 02 ’24, another insider, Kim Nam Woo, who serves as the insider of the company, sold 171 shares for $9.90 each. As a result, the insider received 1,693 and left with 3,987 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 779195968 and an Enterprise Value of 1386550784. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.87 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 1.498 whereas that against EBITDA is 28.807.
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 -10.36%, while the 200-Day Moving Average is calculated to be -14.70%.
Shares Statistics:
According to the various share statistics, PGY traded on average about 1.50M shares per day over the past 3-months and 1252990 shares per day over the past 10 days. A total of 49.39M shares are outstanding, with a floating share count of 34.42M. Insiders hold about 52.07% of the company’s shares, while institutions hold 27.01% stake in the company. Shares short for PGY as of 1727654400 were 5488432 with a Short Ratio of 3.66, compared to 1724976000 on 2427125. Therefore, it implies a Short% of Shares Outstanding of 5488432 and a Short% of Float of 9.4799995.
