Pagaya Technologies Ltd (NASDAQ: PGY) kicked off on Monday, down -3.87% from the previous trading day, before settling in for the closing price of $12.40. Over the past 52 weeks, PGY has traded in a range of $8.56-$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. While this was happening, its average annual earnings per share was recorded 98.61%. With a float of $33.65 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 Updates
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Pagaya Technologies Ltd is 52.54%, while institutional ownership is 23.34%. The most recent insider transaction that took place on May 16 ’24, was worth 37,544. In this transaction Deputy Chief Financial Officer of this company sold 3,155 shares at a rate of $11.90, taking the stock ownership to the 6,854 shares. Before that another transaction happened on Apr 05 ’24, when Company’s President bought 22,727 for $10.57, making the entire transaction worth $240,336. This insider now owns 22,727 shares in total.
Pagaya Technologies Ltd (PGY) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported -0.48 earnings per share (EPS), lower than consensus estimate (set at -0.29) by -0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 98.61% per share during the next fiscal year.
Pagaya Technologies Ltd (NASDAQ: PGY) Trading Performance Indicators
Take a look at Pagaya Technologies Ltd’s (PGY) current performance indicators. Last quarter, stock had a quick ratio of 2.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.01. Likewise, its price to free cash flow for the trailing twelve months is 24.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.64, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.46 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 0.85 million. That was inferior than the volume of 1.14 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 50.20%. Additionally, its Average True Range was 0.74.
During the past 100 days, Pagaya Technologies Ltd’s (PGY) raw stochastic average was set at 29.37%, which indicates a significant decrease from 34.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.51% in the past 14 days, which was lower than the 94.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.19, while its 200-day Moving Average is $14.91. However, in the short run, Pagaya Technologies Ltd’s stock first resistance to watch stands at $12.33. Second resistance stands at $12.74. The third major resistance level sits at $12.99. If the price goes on to break the first support level at $11.68, it is likely to go to the next support level at $11.43. Assuming the price breaks the second support level, the third support level stands at $11.02.
Pagaya Technologies Ltd (NASDAQ: PGY) Key Stats
The company with the Market Capitalisation of 845.13 million has total of 70,900K Shares Outstanding. Its annual sales at the moment are 812,050 K in contrast with the sum of -128,440 K annual income. Company’s last quarter sales were recorded 245,280 K and last quarter income was -21,220 K.
