A new trading day began on Friday, with Pagaya Technologies Ltd (NASDAQ: PGY) stock price up 3.63% from the previous day of trading, before settling in for the closing price of $11.58. PGY’s price has ranged from $8.56 to $20.50 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 150.83%. Meanwhile, its annual earnings per share averaged 23.74%. With a float of $35.01 million, this company’s outstanding shares have now reached $49.39 million.
Considering the fact that the conglomerate employs 712 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 37.28%, operating margin of 0.6%, and the pretax margin is -17.6%.
Pagaya Technologies Ltd (PGY) Insider Activity
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 51.92%, while institutional ownership is 26.10%. The most recent insider transaction that took place on Oct 17 ’24, was worth 125,739. In this transaction President of this company sold 10,683 shares at a rate of $11.77, taking the stock ownership to the 64,794 shares. Before that another transaction happened on Oct 11 ’24, when Company’s See Remarks sold 133 for $10.83, making the entire transaction worth $1,440. This insider now owns 4,180 shares in total.
Pagaya Technologies Ltd (PGY) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.36 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 -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 23.74% 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 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.98. Likewise, its price to free cash flow for the trailing twelve months is 16.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.96, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach 0.51 in one year’s time.
Technical Analysis of Pagaya Technologies Ltd (PGY)
Compared to the last year’s volume of 1.26 million, its volume of 1.18 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 69.39%. Additionally, its Average True Range was 0.73.
During the past 100 days, Pagaya Technologies Ltd’s (PGY) raw stochastic average was set at 39.01%, which indicates a significant decrease from 96.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.97% in the past 14 days, which was lower than the 87.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.88, while its 200-day Moving Average is $12.59. Nevertheless, the first resistance level for the watch stands at $12.13 in the near term. At $12.26, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.50. If the price goes on to break the first support level at $11.76, it is likely to go to the next support level at $11.52. Should the price break the second support level, the third support level stands at $11.39.
Pagaya Technologies Ltd (NASDAQ: PGY) Key Stats
With a market capitalization of 873.84 million, the company has a total of 70,900K Shares Outstanding. Currently, annual sales are 812,050 K while annual income is -128,440 K. The company’s previous quarter sales were 250,340 K while its latest quarter income was -74,790 K.
