Pagaya Technologies Ltd (NASDAQ: PGY) kicked off on Monday, up 15.53% from the previous trading day, before settling in for the closing price of $14.62. Over the past 52 weeks, PGY has traded in a range of $8.56-$20.50.
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During the last 5-year period, the sales growth of Technology Sector giant was 150.83%. While this was happening, its average annual earnings per share was recorded 23.74%. With a float of $35.04 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. 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
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 51.89%, while institutional ownership is 26.84%. The most recent insider transaction that took place on Nov 06 ’24, was worth 91,908. In this transaction Chief Development Officer of this company sold 7,659 shares at a rate of $12.00, taking the stock ownership to the 65,857 shares. Before that another transaction happened on Nov 06 ’24, when Company’s Director proposed sale 7,659 for $11.04, making the entire transaction worth $84,555.
Pagaya Technologies Ltd (PGY) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.36 earnings per share (EPS), lower than consensus estimate (set at -0.24) by -0.12. 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
Take a look at Pagaya Technologies Ltd’s (PGY) current performance indicators. Last quarter, 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 1.55. Likewise, its price to free cash flow for the trailing twelve months is 26.67.
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)
Looking closely at Pagaya Technologies Ltd (NASDAQ: PGY), its last 5-days average volume was 3.13 million, which is a jump from its year-to-date volume of 1.3 million. As of the previous 9 days, the stock’s Stochastic %D was 94.45%. Additionally, its Average True Range was 1.01.
During the past 100 days, Pagaya Technologies Ltd’s (PGY) raw stochastic average was set at 96.10%, which indicates a significant increase from 95.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 113.37% in the past 14 days, which was higher than the 93.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.74, while its 200-day Moving Average is $12.54. However, in the short run, Pagaya Technologies Ltd’s stock first resistance to watch stands at $17.74. Second resistance stands at $18.60. The third major resistance level sits at $19.99. If the price goes on to break the first support level at $15.49, it is likely to go to the next support level at $14.10. Should the price break the second support level, the third support level stands at $13.24.
Pagaya Technologies Ltd (NASDAQ: PGY) Key Stats
The company with the Market Capitalisation of 1.38 billion has total of 71,815K 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 250,340 K and last quarter income was -74,790 K.
