Pagaya Technologies Ltd (NASDAQ:PGY) Drops -6.43 Percent In A Week: What Motivates The Stock?

In recent trading session, Pagaya Technologies Ltd (NASDAQ:PGY) saw 0.55 million shares changing hands at last check today with its beta currently measuring 6.16. Company’s recent per share price level of $9.02 trading at $0.31 or 3.56% at last check today assigns it a market valuation of $664.37M. That most recent trading price of PGY’s stock is at a discount of -122.17% from its 52-week high price of $20.04 and is indicating a premium of 9.09% from its 52-week low price of $8.20. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.58 million shares which gives us an average trading volume of 2.19 million if we extend that period to 3-months.

For Pagaya Technologies Ltd (PGY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.60. Splitting up the data highlights that, out of 13 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.27 in the current quarter.

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Pagaya Technologies Ltd (NASDAQ:PGY) trade information

Upright in the green today for gaining 3.56%, in the last five days PGY remained trading in the red while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $9.02 price level, adding 11.57% to its value on the day. Pagaya Technologies Ltd’s shares saw a change of -45.53% in year-to-date performance and have moved -6.43% in past 5-day. Pagaya Technologies Ltd (NASDAQ:PGY) showed a performance of 2.85% in past 30-days. Number of shares sold short was 7.26 million shares which calculate 2.64 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 21 to the stock, which implies a rise of 57.05% to its recent value today. Analysts have been projecting 21 as a low price target for the stock while placing it at a high target of 21. It follows that stock’s current price would drop -132.82% in reaching the projected high whereas dropping to the targeted low would mean a loss of -132.82% for stock’s current value.

Pagaya Technologies Ltd (PGY) estimates and forecasts

Statistics highlight that Pagaya Technologies Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -24.46% of value to its shares in past 6 months, showing an annual growth rate of 283.33% while that of industry is 7.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 25.36% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 265.41M for the same. And 7 analysts are in estimates of company making revenue of 276.21M in the next quarter. Company posted 218.04M and 245.28M of sales in current and next quarters respectively a year earlier.

Pagaya Technologies Ltd (NASDAQ:PGY)’s Major holders

Insiders are in possession of 15.58% of company’s total shares while institution are holding 52.74 percent of that, with stock having share float percentage of 62.47%. Investors also watch the number of corporate investors in a company very closely, which is 52.74% institutions for Pagaya Technologies Ltd that are currently holding shares of the company. VIOLA VENTURES V.C. MANAGEMENT 4 LTD. is the top institutional holder at PGY for having 8.18 million shares of worth $104.32 million. And as of 2024-06-30, it was holding 12.6747 of the company’s outstanding shares.

The second largest institutional holder is X-SQUARE CAPITAL, LLC, which was holding about 11879.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0184 of outstanding shares, having a total worth of $0.15 million.