In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Pagaya Technologies Ltd (NASDAQ: PGY) closed the day trading at $8.81 down -6.97% from the previous closing price of $9.47. In other words, the price has decreased by -$6.97 from its previous closing price. On the day, 3.71 million shares were traded. PGY stock price reached its highest trading level at $9.52 during the session, while it also had its lowest trading level at $8.66.
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 3.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 1.65 whereas as Long-Term Debt/Eq ratio is at 1.18.
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 Nov 15 ’24 when NICOLE TORRACO bought 2,371 shares for $9.47 per share.
Yulzari Yahav sold 150,000 shares of PGY for $2,324,790 on Nov 11 ’24. The Chief Business Officer now owns 161,637 shares after completing the transaction at $15.50 per share. On Nov 11 ’24, another insider, Pardo Avital, who serves as the Chief Technology Officer of the company, sold 150,000 shares for $15.50 each. As a result, the insider received 2,325,165 and left with 283,125 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 648905856 and an Enterprise Value of 1332355072. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 1.372 whereas that against EBITDA is 18.43.
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 -23.42%, while the 200-Day Moving Average is calculated to be -29.19%.
Shares Statistics:
Over the past 3-months, PGY traded about 1.94M shares per day on average, while over the past 10 days, PGY traded about 4347730 shares per day. A total of 49.39M shares are outstanding, with a floating share count of 37.84M. Insiders hold about 51.30% of the company’s shares, while institutions hold 32.27% stake in the company. Shares short for PGY as of 1730332800 were 5808708 with a Short Ratio of 2.99, compared to 1727654400 on 5488432. Therefore, it implies a Short% of Shares Outstanding of 5808708 and a Short% of Float of 12.83.
