While Pagaya Technologies Ltd has underperformed by -2.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PGY fell by -43.90%, with highs and lows ranging from $20.00 to $8.20, whereas the simple moving average fell by -19.75% 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.
Pagaya Technologies Ltd’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and PGY has an average volume of 1.91M. On a monthly basis, the volatility of the stock is set at 6.95%, whereas on a weekly basis, it is put at 7.45%, with a gain of 4.85% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.70, showing growth from the present price of $9.29, 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 analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 32.82% 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 32.82% at present.
