In the last trading session, 1.12 million Pagaya Technologies Ltd (NASDAQ:PGY) shares changed hands as the company’s beta touched 6.76. With the company’s per share price at $10.54 changed hands at $0.04 or 0.38% during last session, the market valuation stood at $742.86M. PGY’s last price was a discount, traded about -222.2% off its 52-week high of $33.96. The share price had its 52-week low at $9.07, which suggests the last value was 13.95% up since then. When we look at Pagaya Technologies Ltd’s average trading volume, we note the 10-day average is 3.34 million shares, with the 3-month average coming to 1.21 million.
Pagaya Technologies Ltd (NASDAQ:PGY) trade information
Instantly PGY was in green as seen at the end of in last trading. With action 15.57%, the performance over the past five days has been green. The jump to weekly highs of 10.99 added 0.38% to the stock’s daily price. The company’s shares are showing year-to-date downside of -36.35%, with the 5-day performance at 15.57% in the green. However, in the 30-day time frame, Pagaya Technologies Ltd (NASDAQ:PGY) is -41.44% down. Looking at the short shares, we see there were 0.25 million shares sold at short interest cover period of 0.32 days.
Pagaya Technologies Ltd (PGY) estimates and forecasts
Data shows that the Pagaya Technologies Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -45.10% over the past 6 months, a 320.83% in annual growth rate that is considerably higher than the industry average of 18.80%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Pagaya Technologies Ltd will rise 96.30%, while the growth in revenue is estimated to hit 89.60% for the next quarter. Year-over-year growth is forecast to reach 26.30% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $225.96 million. 6 analysts are of the opinion that Pagaya Technologies Ltd’s revenue for the quarter ending Jun 2024 will be $236.97 million. The company’s revenue for the corresponding quarters a year ago was $186.64 million and $195.61 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 21.10%. The estimates for the next quarter sales put growth at 21.10%.
The 2024 estimates are for Pagaya Technologies Ltd earnings to increase by 121.68%.
PGY Dividends
Pagaya Technologies Ltd is expected to release its next quarterly earnings report in April.
Pagaya Technologies Ltd (NASDAQ:PGY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 23.32% of Pagaya Technologies Ltd shares while 37.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 48.51%. There are 37.20% institutions holding the Pagaya Technologies Ltd stock share, with Viola Ventures V.c. Management 4 Ltd. the top institutional holder. As of Jun 29, 2023, the company held 18.37% of the shares, roughly 98.11 million PGY shares worth $137.35 million.
Clal Insurance Enterprises Holdings Ltd holds the second largest percentage of outstanding shares, with 8.00% or 42.72 million shares worth $59.8 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were ARK ETF Tr-ARK Israel Innovative Technology ETF and Global X Fds-Global X FinTech Thematic ETF. With 0.94 million shares estimated at $1.48 million under it, the former controlled 0.18% of total outstanding shares. On the other hand, Global X Fds-Global X FinTech Thematic ETF held about 0.11% of the shares, roughly 0.6 million shares worth around $0.95 million.
