Pagaya Technologies Ltd (NASDAQ: PGY) on Friday, soared 6.33% from the previous trading day, before settling in for the closing price of $9.00. Within the past 52 weeks, PGY’s price has moved between $8.20 and $20.50.
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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 -19.64%. With a float of $37.84 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 55.14%, operating margin of 3.15%, and the pretax margin is -20.65%.
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 48.63%, while institutional ownership is 32.29%. The most recent insider transaction that took place on Nov 15 ’24, was worth 21,161. In this transaction Director of this company sold 2,371 shares at a rate of $8.92, taking the stock ownership to the 9,487 shares. Before that another transaction happened on Nov 15 ’24, when Company’s Director proposed sale 2,371 for $9.47, making the entire transaction worth $22,453.
Pagaya Technologies Ltd (PGY) Earnings and Forecasts
As on 9/30/2024, 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 0.27) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.43 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -19.64% 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 1.17 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 0.80. Likewise, its price to free cash flow for the trailing twelve months is 21.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.53, a number that is poised to hit -0.28 in the next quarter and is forecasted to reach 0.56 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 1.78 million, which is a jump from its year-to-date volume of 1.4 million. As of the previous 9 days, the stock’s Stochastic %D was 16.29%. Additionally, its Average True Range was 1.10.
During the past 100 days, Pagaya Technologies Ltd’s (PGY) raw stochastic average was set at 15.22%, which indicates a significant increase from 15.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 217.61% in the past 14 days, which was higher than the 118.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.18, while its 200-day Moving Average is $12.33. However, in the short run, Pagaya Technologies Ltd’s stock first resistance to watch stands at $9.89. Second resistance stands at $10.20. The third major resistance level sits at $10.71. If the price goes on to break the first support level at $9.07, it is likely to go to the next support level at $8.56. Should the price break the second support level, the third support level stands at $8.25.
Pagaya Technologies Ltd (NASDAQ: PGY) Key Stats
Market capitalization of the company is 749.52 million based on 73,656K outstanding shares. Right now, sales total 812,050 K and income totals -128,440 K. The company made 257,230 K in profit during its latest quarter, and -67,480 K in sales during its previous quarter.
