During the last session, Pagaya Technologies Ltd (NASDAQ:PGY)’s traded shares were 1.54 million, with the beta value of the company hitting 6.22. At the end of the trading day, the stock’s price was $9.00, reflecting an intraday gain of 2.62% or $0.23. The 52-week high for the PGY share is $20.50, that puts it down -127.78 from that peak though still a striking 8.89% gain since the share price plummeted to a 52-week low of $8.20. The company’s market capitalization is $662.90M, and the average intraday trading volume over the past 10 days was 4.52 million shares, and the average trade volume was 2.02 million shares over the past three months.
Pagaya Technologies Ltd (PGY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.44. PGY has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.26.
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Pagaya Technologies Ltd (NASDAQ:PGY) trade information
Pagaya Technologies Ltd (PGY) registered a 2.62% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.62% in intraday trading to $9.00, hitting a weekly high. The stock’s 5-day price performance is -4.96%, and it has moved by -17.88% in 30 days. Based on these gigs, the overall price performance for the year is -43.61%. The short interest in Pagaya Technologies Ltd (NASDAQ:PGY) is 5.81 million shares and it means that shorts have 4.16 day(s) to cover.
The consensus price target of analysts on Wall Street is $11.25, which implies an increase of 20.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.25 and $25 respectively. As a result, PGY is trading at a discount of -177.78% off the target high and 86.11% off the low.
Pagaya Technologies Ltd (PGY) estimates and forecasts
Statistics show that Pagaya Technologies Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Pagaya Technologies Ltd (PGY) shares have gone down -21.19% during the last six months, with a year-to-date growth rate more than the industry average at 250.00% against 8.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 9.55% this quarter and then jump 114.37% in the quarter after that. In the rating firms’ projections, revenue will increase 25.36% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 265.44M as predicted by 8 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 276.22M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 218.04M and 245.28M respectively. In this case, analysts expect current quarter sales to grow by 21.74% and then jump by 12.62% in the coming quarter.
While earnings are projected to return -19.64% in 2024.
PGY Dividends
Pagaya Technologies Ltd is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Pagaya Technologies Ltd (NASDAQ:PGY)’s Major holders
Pagaya Technologies Ltd insiders own 18.13% of total outstanding shares while institutional holders control 52.55%, with the float percentage being 64.19%. VIOLA VENTURES V.C. MANAGEMENT 4 LTD. is the largest shareholder of the company, while 177.0 institutions own stock in it. As of 2024-06-30, the company held over 8.18 million shares (or 12.6747% of all shares), a total value of $104.32 million in shares.
The next largest institutional holding, with 11879.0 shares, is of X-SQUARE CAPITAL, LLC’s that is approximately 0.0184% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.15 million.
