Pagaya Technologies Ltd (NASDAQ: PGY) on Tuesday, soared 0.59% from the previous trading day, before settling in for the closing price of $11.94. Within the past 52 weeks, PGY’s price has moved between $8.56 and $33.96.
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During the last 5-year period, the sales growth of Technology Sector giant was 150.83%. The company achieved an average annual earnings per share of 98.61%. With a float of $33.65 million, this company’s outstanding shares have now reached $49.39 million.
Let’s determine the extent of company efficiency that accounts for 712 employees.
Pagaya Technologies Ltd (PGY) Insider Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. 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 Jun 20 ’24, was worth 57,098. In this transaction Director of this company sold 4,743 shares at a rate of $12.04, taking the stock ownership to the 0 shares. Before that another transaction happened on May 16 ’24, when Company’s Deputy Chief Financial Officer sold 3,155 for $11.90, making the entire transaction worth $37,544. This insider now owns 6,854 shares in total.
Pagaya Technologies Ltd (PGY) Earnings and Forecasts
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
Pagaya Technologies Ltd (PGY) is currently performing well based on its current performance indicators. A quick ratio of 2.36 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 1.02. Likewise, its price to free cash flow for the trailing twelve months is 25.11.
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)
Looking closely at Pagaya Technologies Ltd (NASDAQ: PGY), its last 5-days average volume was 0.68 million, which is a drop from its year-to-date volume of 1.12 million. As of the previous 9 days, the stock’s Stochastic %D was 13.49%. Additionally, its Average True Range was 0.67.
During the past 100 days, Pagaya Technologies Ltd’s (PGY) raw stochastic average was set at 30.16%, which indicates a significant decrease from 32.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.09% in the past 14 days, which was lower than the 92.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.28, while its 200-day Moving Average is $14.53. However, in the short run, Pagaya Technologies Ltd’s stock first resistance to watch stands at $12.31. Second resistance stands at $12.60. The third major resistance level sits at $12.83. If the price goes on to break the first support level at $11.79, it is likely to go to the next support level at $11.56. Should the price break the second support level, the third support level stands at $11.27.
Pagaya Technologies Ltd (NASDAQ: PGY) Key Stats
Market capitalization of the company is 851.51 million based on 70,900K outstanding shares. Right now, sales total 812,050 K and income totals -128,440 K. The company made 245,280 K in profit during its latest quarter, and -21,220 K in sales during its previous quarter.
