While Pagaya Technologies Ltd has underperformed by -1.01%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PGY fell by -52.37%, with highs and lows ranging from $20.00 to $8.20, whereas the simple moving average fell by -24.12% in the last 200 days.
On December 20, 2024, UBS started tracking Pagaya Technologies Ltd (NASDAQ: PGY) recommending Neutral. A report published by Oppenheimer on October 01, 2024, Initiated its previous ‘Outperform’ rating for PGY. The Benchmark Company also rated PGY shares as ‘Buy’, setting a target price of $21 on the company’s shares in an initiating report dated August 26, 2024. Keefe Bruyette Initiated an Outperform rating on June 17, 2024, and assigned a price target of $23. Citigroup initiated its ‘Neutral’ rating for PGY, as published in its report on May 24, 2024. Jefferies’s report from December 14, 2023 suggests a price prediction of $2.50 for PGY shares, giving the stock a ‘Buy’ rating. JMP Securities also rated the stock as ‘Mkt Outperform’.
Analysis of Pagaya Technologies Ltd (PGY)
Further, the quarter-over-quarter increase in sales is 23.75%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Pagaya Technologies Ltd’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -35.64% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.17, 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.
An average volume of 2.22M can be a very valuable indicator of volatility for PGY stock. On a monthly basis, the volatility of the stock is set at 6.64%, whereas on a weekly basis, it is put at 8.14%, with a loss of -9.22% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.70, showing growth from the present price of $8.86, 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?
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 48.20%. 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 32.30% 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 32.30% at present.
