Pagaya Technologies Ltd (NASDAQ: PGY) on Monday, plunged -4.66% from the previous trading day, before settling in for the closing price of $9.45. Within the past 52 weeks, PGY’s price has moved between $8.90 and $33.96.
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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. The company achieved an average annual earnings per share of 138.50%. With a float of $33.24 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
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Pagaya Technologies Ltd is 52.83%, while institutional ownership is 16.59%. The most recent insider transaction that took place on Apr 05 ’24, was worth 240,336. In this transaction President of this company bought 22,727 shares at a rate of $10.57, taking the stock ownership to the 22,727 shares. Before that another transaction happened on Apr 05 ’24, when Company’s Chief People Officer bought 10,000 for $10.47, making the entire transaction worth $104,723. This insider now owns 28,818 shares in total.
Pagaya Technologies Ltd (PGY) Latest Financial update
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.24 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.17) by -$0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 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
Pagaya Technologies Ltd (PGY) is currently performing well based on its current performance indicators. A quick ratio of 4.05 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.82.
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 1.24 million. That was inferior 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 8.53%. Additionally, its Average True Range was 0.89.
During the past 100 days, Pagaya Technologies Ltd’s (PGY) raw stochastic average was set at 3.77%, which indicates a significant decrease from 13.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.60% in the past 14 days, which was lower than the 99.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.07, while its 200-day Moving Average is $17.67. However, in the short run, Pagaya Technologies Ltd’s stock first resistance to watch stands at $9.51. Second resistance stands at $10.02. The third major resistance level sits at $10.49. If the price goes on to break the first support level at $8.53, it is likely to go to the next support level at $8.06. The third support level lies at $7.55 if the price breaches the second support level.
Pagaya Technologies Ltd (NASDAQ: PGY) Key Stats
Market capitalization of the company is 635.02 million based on 59,052K outstanding shares. Right now, sales total 812,050 K and income totals -128,440 K. The company made 218,040 K in profit during its latest quarter, and -14,420 K in sales during its previous quarter.
