Pagaya Technologies Ltd (NASDAQ:PGY) price on Wednesday, February 05, rose 3.36% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $10.45.
A look at the stock’s price movement, the close in the last trading session was $10.11, moving within a range at $10.17 and $10.74. The beta value (5-Year monthly) was 6.363. Turning to its 52-week performance, $20.00 and $8.20 were the 52-week high and 52-week low respectively. Overall, PGY moved 0.34% over the past month.
Pagaya Technologies Ltd’s market cap currently stands at around $769.70 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 265.14M for the company’s revenue for the quarter, with a low and high estimate of 262.2M and 267M respectively. The average forecast suggests up to a 21.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.02B, representing a 25.37% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PGY is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 75% Sell category.
13 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 10 recommend PGY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PGY’s current price about 13.07% and 8.81% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.92, while 7-day volatility ratio is 8.22% and 6.70% in the 30-day chart. Further, Pagaya Technologies Ltd (PGY) has a beta value of 6.11, and an average true range (ATR) of 0.69. Analysts have given the company’s stock an average 52-week price target of $21, forecast between a low of $21 and high of $21. Looking at the price targets, the low is -100.96% off current price level while to achieve the yearly target high, price needs to move -100.96%. Nonetheless, investors will most likely welcome a -100.96% jump to $21 which is the analysts’ median price.
If we refocus on Pagaya Technologies Ltd (NASDAQ:PGY), historical trading data shows that trading volumes averaged 1.34 over the past 10 days and 2.01 million over the past 3 months. The company’s latest data on shares outstanding shows there are 60.16 million shares.
The 48.48% of Pagaya Technologies Ltd’s shares are in the hands of company insiders while institutional holders own 32.19% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.01 million on 2025-01-15, giving us a short ratio of 5.33. The data shows that as of 2025-01-15 short interest in Pagaya Technologies Ltd (PGY) stood at 1967.0000000000002 of shares outstanding, with shares short rising to 7.58 million registered in 2024-12-13. Current price change has pushed the stock 12.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PGY stock continues to rise going into the next quarter.
