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The closing price of Pagaya Technologies Ltd (NASDAQ: PGY) was $13.50 for the day, up 1.28% from the previous closing price of $13.33. In other words, the price has increased by $1.28 from its previous closing price. On the day, 1.1 million shares were traded. PGY stock price reached its highest trading level at $13.53 during the session, while it also had its lowest trading level at $12.53.
Ratios:
Our analysis of PGY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.23. For the most recent quarter (mrq), Quick Ratio is recorded 2.36 and its Current Ratio is at 2.36. In the meantime, Its Debt-to-Equity ratio is 1.10 whereas as Long-Term Debt/Eq ratio is at 0.90.
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, Keefe Bruyette on June 17, 2024, initiated with a Outperform rating and assigned the stock a target price of $23.
On May 24, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $14.
On December 14, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $2.50.Jefferies initiated its Buy rating on December 14, 2023, with a $2.50 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 Jun 25 ’24 when Perros Evangelos sold 11,293 shares for $12.15 per share. The transaction valued at 137,166 led to the insider holds 0 shares of the business.
Torraco Nicole sold 4,743 shares of PGY for $57,098 on Jun 20 ’24. The Director now owns 0 shares after completing the transaction at $12.04 per share. On May 16 ’24, another insider, Bower Scott, who serves as the Deputy Chief Financial Officer of the company, sold 3,155 shares for $11.90 each. As a result, the insider received 37,544 and left with 6,854 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 945099904 and an Enterprise Value of 1469395968. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.15 while its Price-to-Book (P/B) ratio in mrq is 1.52. Its current Enterprise Value per Revenue stands at 1.688 whereas that against EBITDA is 48.505.
Stock Price History:
The Beta on a monthly basis for PGY is 6.47, which has changed by -0.2549669 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. 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 17.36%, while the 200-Day Moving Average is calculated to be -5.49%.
Shares Statistics:
PGY traded an average of 1.10M shares per day over the past three months and 1520170 shares per day over the past ten days. A total of 49.39M shares are outstanding, with a floating share count of 33.65M. Insiders hold about 52.55% of the company’s shares, while institutions hold 23.34% stake in the company. Shares short for PGY as of 1718323200 were 1369890 with a Short Ratio of 1.24, compared to 1715731200 on 1606732. Therefore, it implies a Short% of Shares Outstanding of 1369890 and a Short% of Float of 2.4.
