Pagaya Technologies Ltd (NASDAQ:PGY) has a beta value of 6.37 and has seen 0.95 million shares traded in the last trading session. The company, currently valued at $803.94M, closed the last trade at $11.04 per share which meant it gained $0.35 on the day or 3.27% during that session. The PGY stock price is -85.69% off its 52-week high price of $20.50 and 22.46% above the 52-week low of $8.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.11 million shares traded. The 3-month trading volume is 1.57 million shares.
The consensus among analysts is that Pagaya Technologies Ltd (PGY) is Buy stock at the moment, with a recommendation rating of 1.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 13 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.19.
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Pagaya Technologies Ltd (NASDAQ:PGY) trade information
Sporting 3.27% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PGY stock price touched $11.04 or saw a rise of 12.73%. Year-to-date, Pagaya Technologies Ltd shares have moved -33.33%, while the 5-day performance has seen it change -8.00%. Over the past 30 days, the shares of Pagaya Technologies Ltd (NASDAQ:PGY) have changed 8.55%. Short interest in the company has seen 5.98 million shares shorted with days to cover at 2.68.
Wall Street analysts have a consensus price target for the stock at $11.25, which means that the shares’ value could jump 1.87% from current levels. The projected low price target is $1.25 while the price target rests at a high of $25.0. In that case, then, we find that the current price level is -126.45% off the targeted high while a plunge would see the stock lose 88.68% from current levels.
Pagaya Technologies Ltd (PGY) estimates and forecasts
Figures show that Pagaya Technologies Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 2.70% over the past 6 months, with this year growth rate of 250.00%, compared to 10.50% for the industry. Revenue growth from the last financial year stood is estimated to be 31.10%.
9 analysts offering their estimates for the company have set an average revenue estimate of 253.2M for the current quarter. 9 have an estimated revenue figure of 265.9M for the next ending quarter. Year-ago sales stood 198.3M and 210.43M respectively for this quarter and the next, and analysts expect sales will grow by 27.70% for the current quarter and 31.10% for the next.
PGY Dividends
Pagaya Technologies Ltd is expected to release its next earnings report on 2024-Nov-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Pagaya Technologies Ltd (NASDAQ:PGY)’s Major holders
Insiders own 18.85% of the company shares, while shares held by institutions stand at 45.05% with a share float percentage of 55.51%. Investors are also buoyed by the number of investors in a company, with Pagaya Technologies Ltd having a total of 161.0 institutions that hold shares in the company. The top two institutional holders are VIOLA VENTURES V.C. MANAGEMENT 4 LTD. with over 8.18 million shares worth more than $104.32 million. As of 2024-06-30, VIOLA VENTURES V.C. MANAGEMENT 4 LTD. held 12.6747% of shares outstanding.
The other major institutional holder is X-SQUARE CAPITAL, LLC, with the holding of over 11879.0 shares as of 2024-06-30. The firm’s total holdings are worth over $0.15 million and represent 0.0184% of shares outstanding.
