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In the latest session, Pagaya Technologies Ltd (NASDAQ: PGY) closed at $11.95 down -3.08% from its previous closing price of $12.33. In other words, the price has decreased by -$3.08 from its previous closing price. On the day, 0.81 million shares were traded. PGY stock price reached its highest trading level at $12.39 during the session, while it also had its lowest trading level at $11.785.
Ratios:
For a deeper understanding of Pagaya Technologies Ltd’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.56. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 858192768 and an Enterprise Value of 1465547648. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 1.584 whereas that against EBITDA is 30.448.
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 -10.63%, while the 200-Day Moving Average is calculated to be -9.93%.
Shares Statistics:
For the past three months, PGY has traded an average of 1.17M shares per day and 1029290 over the past ten days. 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 1724976000 were 2427125 with a Short Ratio of 2.08, compared to 1722384000 on 2636797. Therefore, it implies a Short% of Shares Outstanding of 2427125 and a Short% of Float of 4.19.
