As of close of business last night, Pagaya Technologies Ltd’s stock clocked out at $1.43, down -6.54% from its previous closing price of $1.53. In other words, the price has decreased by -$0.1000 from its previous closing price. On the day, 9981425 shares were traded.
Ratios:
To gain a deeper understanding of PGY’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.63 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.
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 1.16B and an Enterprise Value of 1.32B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.32 while its Price-to-Book (P/B) ratio in mrq is 1.90. Its current Enterprise Value per Revenue stands at 1.78 whereas that against EBITDA is -14.25.
Stock Price History:
Over the past 52 weeks, PGY has reached a high of $2.83, while it has fallen to a 52-week low of $0.78. The 50-Day Moving Average of the stock is 1.2706, while the 200-Day Moving Average is calculated to be 1.5102.
Shares Statistics:
It appears that PGY traded 8.87M shares on average per day over the past three months and 12.14M shares per day over the past ten days. A total of 508.38M shares are outstanding, with a floating share count of 263.27M. Insiders hold about 63.10% of the company’s shares, while institutions hold 17.09% stake in the company. Shares short for PGY as of Feb 15, 2024 were 3.67M with a Short Ratio of 0.41, compared to 3.44M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.49% and a Short% of Float of 1.03%.
Earnings Estimates
As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.02, while EPS last year was -$0.09. The consensus estimate for the next quarter is $0, with high estimates of $0.03 and low estimates of -$0.01.
Analysts are recommending an EPS of between $0.14 and -$0.01 for the fiscal current year, implying an average EPS of $0.05. EPS for the following year is $0.11, with 5 analysts recommending between $0.17 and $0.03.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $228.31M. It ranges from a high estimate of $232.3M to a low estimate of $225.7M. As of the current estimate, Pagaya Technologies Ltd’s year-ago sales were $186.64M, an estimated increase of 22.30% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $238.65M, an increase of 22.00% less than the figure of $22.30% in the same quarter last year. There is a high estimate of $247.7M for the next quarter, whereas the lowest estimate is $230.29M.
A total of 6 analysts have provided revenue estimates for PGY’s current fiscal year. The highest revenue estimate was $1.03B, while the lowest revenue estimate was $930.23M, resulting in an average revenue estimate of $984.83M. In the same quarter a year ago, actual revenue was $772.81M, up 27.40% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1.17B in the next fiscal year. The high estimate is $1.29B and the low estimate is $1B. The average revenue growth estimate for next year is up 19.20% from the average revenue estimate for this year.
