Pagaya Technologies Ltd (NASDAQ:PGY) price on Thursday, April 10, fall -6.80% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.45.
A look at the stock’s price movement, the close in the last trading session was $10.14, moving within a range at $9.13 and $9.735. The beta value (5-Year monthly) was 5.919. Turning to its 52-week performance, $19.20 and $8.20 were the 52-week high and 52-week low respectively. Overall, PGY moved -7.71% over the past month.
Pagaya Technologies Ltd’s market cap currently stands at around $711.57 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-12.
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% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 -12.23% and -18.26% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.67, while 7-day volatility ratio is 16.12% and 9.41% in the 30-day chart. Further, Pagaya Technologies Ltd (PGY) has a beta value of 5.88, and an average true range (ATR) of 1.15. Analysts have given the company’s stock an average 52-week price target of $26, forecast between a low of $26 and high of $26. Looking at the price targets, the low is -175.13% off current price level while to achieve the yearly target high, price needs to move -175.13%. Nonetheless, investors will most likely welcome a -175.13% jump to $26 which is the analysts’ median price.
If we refocus on Pagaya Technologies Ltd (NASDAQ:PGY), historical trading data shows that trading volumes averaged 2.43 over the past 10 days and 2.61 million over the past 3 months. The company’s latest data on shares outstanding shows there are 61.23 million shares.
The 48.30% of Pagaya Technologies Ltd’s shares are in the hands of company insiders while institutional holders own 34.51% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.4 million on 2025-03-14, giving us a short ratio of 2.7. The data shows that as of 2025-03-14 short interest in Pagaya Technologies Ltd (PGY) stood at 1770.9999 of shares outstanding, with shares short falling to 8.5 million registered in 2025-02-14. Current price change has pushed the stock 1.72% 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.
