During the last session, Pagaya Technologies Ltd (NASDAQ:PGY)’s traded shares were 1.77 million, with the beta value of the company hitting 6.01. At the end of the trading day, the stock’s price was $10.77, reflecting an intraday loss of -6.51% or -$0.75. The 52-week high for the PGY share is $20.00, that puts it down -85.7 from that peak though still a striking 23.86% gain since the share price plummeted to a 52-week low of $8.20. The company’s market capitalization is $793.27M, and the average trade volume was 2.52 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 1.22. 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 0.45.
Pagaya Technologies Ltd (NASDAQ:PGY) trade information
Pagaya Technologies Ltd (PGY) registered a -6.51% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.51% in intraday trading to $10.77, hitting a weekly high. The stock’s 5-day price performance is -15.06%, and it has moved by 6.53% in 30 days. Based on these gigs, the overall price performance for the year is -37.24%.
The consensus price target of analysts on Wall Street is $11.25, which implies an increase of 4.27% 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 -132.13% off the target high and 88.39% off the low.
Pagaya Technologies Ltd (PGY) estimates and forecasts
In the rating firms’ projections, revenue will increase 15.90% 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 285.11M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 288.14M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 245.28M and 250.34M respectively. In this case, analysts expect current quarter sales to grow by 16.24% and then jump by 15.10% in the coming quarter.
While earnings are projected to return 101.92% in 2025.
PGY Dividends
Pagaya Technologies Ltd is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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.
Also, the Mutual Funds coming in first place with the largest holdings of Pagaya Technologies Ltd (PGY) shares are ARK ETF Tr-ARK Israel Innovative Technology ETF and iShares Core MSCI EAFE ETF . Data provided on Dec 31, 2023 indicates that ARK ETF Tr-ARK Israel Innovative Technology ETF owns about 1.49 shares. This amounts to just over 0.28 percent of the company’s overall shares, with a $16.04 million market value. The same data shows that the other fund manager holds slightly less at 968.99, or about 0.18% of the stock, which is worth about $10.44 million.
