While Pagaya Technologies Ltd has overperformed by 3.03%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PGY fell by -42.99%, with highs and lows ranging from $24.12 to $8.56, whereas the simple moving average fell by -3.19% in the last 200 days.
On August 26, 2024, The Benchmark Company started tracking Pagaya Technologies Ltd (NASDAQ: PGY) recommending Buy. A report published by Keefe Bruyette on June 17, 2024, Initiated its previous ‘Outperform’ rating for PGY. Citigroup also rated PGY shares as ‘Neutral’, setting a target price of $14 on the company’s shares in an initiating report dated May 24, 2024. Jefferies Initiated an Buy rating on December 14, 2023, and assigned a price target of $2.50. JMP Securities initiated its ‘Mkt Outperform’ rating for PGY, as published in its report on August 28, 2023. B. Riley Securities’s report from July 27, 2023 suggests a price prediction of $4 for PGY shares, giving the stock a ‘Buy’ rating. The Benchmark Company also rated the stock as ‘Buy’.
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Analysis of Pagaya Technologies Ltd (PGY)
Further, the quarter-over-quarter increase in sales is 30.65%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Pagaya Technologies Ltd’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -25.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.50, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PGY is recording an average volume of 1.12M. On a monthly basis, the volatility of the stock is set at 6.57%, whereas on a weekly basis, it is put at 6.04%, with a gain of 7.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $28.86, showing growth from the present price of $12.93, which can serve as yet another indication of whether PGY is worth investing in or should be passed over.
How Do You Analyze Pagaya Technologies Ltd Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 51.96%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 27.03% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PGY shares are owned by institutional investors to the tune of 27.03% at present.
