In other words, the price has increased by $0.00 from its previous closing price. On the day, 2282691 shares were traded.
Ratios:
Our analysis of PGY’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 784.44M and an Enterprise Value of 1.01B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.02 while its Price-to-Book (P/B) ratio in mrq is 1.23. Its current Enterprise Value per Revenue stands at 1.30 whereas that against EBITDA is -22.65.
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 13.73, while the 200-Day Moving Average is calculated to be 17.97.
Shares Statistics:
PGY traded an average of 1.31M shares per day over the past three months and 1.38M shares per day over the past ten days. A total of 49.39M shares are outstanding, with a floating share count of 27.71M. Insiders hold about 60.69% of the company’s shares, while institutions hold 14.54% stake in the company. Shares short for PGY as of Mar 28, 2024 were 1.81M with a Short Ratio of 0.66, compared to 246.29k on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.57% and a Short% of Float of 4.22%.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of $0.12 and a low estimate of -$0.21, while EPS last year was -$1.08. The consensus estimate for the next quarter is -$0.04, with high estimates of $0.12 and low estimates of -$0.18.
Analysts are recommending an EPS of between $0.36 and -$0.45 for the fiscal current year, implying an average EPS of -$0.02. EPS for the following year is $0.81, with 5 analysts recommending between $2.04 and $0.03.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $232.3M to a low estimate of $211.6M. As of the current estimate, Pagaya Technologies Ltd’s year-ago sales were $186.64M, an estimated increase of 21.10% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $236.97M, an increase of 21.10% over than the figure of $21.10% in the same quarter last year. There is a high estimate of $244.51M 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 $976.24M. In the same quarter a year ago, actual revenue was $772.81M, up 26.30% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.16B in the next fiscal year. The high estimate is $1.3B 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.
