Pagaya Technologies Ltd (NASDAQ:PGY) price on current trading day, fall -1.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.19.
A look at the stock’s price movement, the close in the last trading session was $11.35, moving within a range at $11.06 and $11.6898. The beta value (5-Year monthly) was 6.008. Turning to its 52-week performance, $19.20 and $8.20 were the 52-week high and 52-week low respectively. Overall, PGY moved -33.98% over the past month.
Pagaya Technologies Ltd’s market cap currently stands at around $842.59 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-12.
Analysts have a consensus estimate of 285.11M for the company’s revenue for the quarter, with a low and high estimate of 279.5M and 294.49M respectively. The average forecast suggests up to a 16.24% 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 1.2B, representing a 15.90% 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% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 -4.87% and 1.07% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.77, while 7-day volatility ratio is 6.71% and 9.11% in the 30-day chart. Further, Pagaya Technologies Ltd (PGY) has a beta value of 5.88, and an average true range (ATR) of 1.07. Analysts have given the company’s stock an average 52-week price target of $11.25, forecast between a low of $1.25 and high of $25. Looking at the price targets, the low is 88.83% off current price level while to achieve the yearly target high, price needs to move -123.41%. Nonetheless, investors will most likely welcome a -0.54% jump to $11.25 which is the analysts’ median price.
If we refocus on Pagaya Technologies Ltd (NASDAQ:PGY), historical trading data shows that trading volumes averaged 1.94 over the past 10 days and 2.60 million over the past 3 months. The company’s latest data on shares outstanding shows there are 75.30 million shares.
The 48.20% of Pagaya Technologies Ltd’s shares are in the hands of company insiders while institutional holders own 34.55% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.57 million on 2025-02-28, giving us a short ratio of 1.93. The data shows that as of 2025-02-28 short interest in Pagaya Technologies Ltd (PGY) stood at 1653.0000999999997 of shares outstanding, with shares short falling to 8.42 million registered in 2025-01-31. Current price change has pushed the stock 20.45% 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.
