The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
Pagaya Technologies Ltd (NASDAQ: PGY) closed the day trading at $10.17 down -2.31% from the previous closing price of $10.41. In other words, the price has decreased by -$2.31 from its previous closing price. On the day, 1.02 million shares were traded. PGY stock price reached its highest trading level at $10.73 during the session, while it also had its lowest trading level at $10.04.
Ratios:
For a better understanding of PGY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.09. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 02 ’24 when Kim Nam Woo sold 171 shares for $9.90 per share. The transaction valued at 1,693 led to the insider holds 3,987 shares of the business.
Perros Evangelos sold 2,336 shares of PGY for $23,126 on Oct 02 ’24. The Chief Financial Officer now owns 25,622 shares after completing the transaction at $9.90 per share. On Oct 02 ’24, another insider, Rosen Tami, who serves as the Chief Development Officer of the company, sold 29,240 shares for $9.90 each. As a result, the insider received 289,476 and left with 83,427 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 747596736 and an Enterprise Value of 1337716352. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 1.38. Its current Enterprise Value per Revenue stands at 1.446 whereas that against EBITDA is 27.792.
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 -19.36%, while the 200-Day Moving Average is calculated to be -21.68%.
Shares Statistics:
Over the past 3-months, PGY traded about 1.44M shares per day on average, while over the past 10 days, PGY traded about 3398930 shares per day. A total of 49.39M shares are outstanding, with a floating share count of 34.45M. Insiders hold about 52.03% of the company’s shares, while institutions hold 27.05% stake in the company. Shares short for PGY as of 1726185600 were 1753206 with a Short Ratio of 1.21, compared to 1723680000 on 2750147. Therefore, it implies a Short% of Shares Outstanding of 1753206 and a Short% of Float of 3.0299999.
