A new trading day began on Monday, with Pagaya Technologies Ltd (NASDAQ: PGY) stock price up 4.40% from the previous day of trading, before settling in for the closing price of $10.67. PGY’s price has ranged from $8.90 to $33.96 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 150.83% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 138.50%. With a float of $27.71 million, this company’s outstanding shares have now reached $49.39 million.
In an organization with 712 employees, it is important to assess its efficiency.
Pagaya Technologies Ltd (PGY) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Pagaya Technologies Ltd is 60.69%, while institutional ownership is 14.54%.
Pagaya Technologies Ltd (PGY) Latest Financial update
In its latest quarterly report, released on 12/30/2023, the company reported earnings of -$0.24 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 138.50% per share during the next fiscal year.
Pagaya Technologies Ltd (NASDAQ: PGY) Trading Performance Indicators
Here are Pagaya Technologies Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.40, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 1.60 in one year’s time.
Technical Analysis of Pagaya Technologies Ltd (PGY)
Let’s dig in a bit further. During the last 5-days, its volume was 1.39 million. That was better than the volume of 1.25 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 88.31%. Additionally, its Average True Range was 1.08.
During the past 100 days, Pagaya Technologies Ltd’s (PGY) raw stochastic average was set at 19.31%, which indicates a significant decrease from 99.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.09% in the past 14 days, which was lower than the 105.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.79, while its 200-day Moving Average is $17.98. However, in the short run, Pagaya Technologies Ltd’s stock first resistance to watch stands at $11.30. Second resistance stands at $11.46. The third major resistance level sits at $11.76. If the price goes on to break the first support level at $10.84, it is likely to go to the next support level at $10.54. The third support level lies at $10.38 if the price breaches the second support level.
Pagaya Technologies Ltd (NASDAQ: PGY) Key Stats
With a market capitalization of 785.15 million, the company has a total of 59,052K Shares Outstanding. Currently, annual sales are 812,050 K while annual income is -128,440 K. The company’s previous quarter sales were 218,040 K while its latest quarter income was -14,420 K.
