Take off with Pagaya Technologies Ltd (PGY): Get ready for trading

With 0.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.42 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $11.22 whereas the lowest price it dropped to was $10.61. The 52-week range on PGY shows that it touched its highest point at $33.96 and its lowest point at $8.56 during that stretch. It currently has a 1-year price target of $27.00. Beta for the stock currently stands at 6.56.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PGY was up-trending over the past week, with a rise of 10.48%, but this was down by -3.50% over a month. Three-month performance dropped to -19.29% while six-month performance fell -36.47%. The stock gained 3.56% in the past year, while it has lost -35.08% so far this year. A look at the trailing 12-month EPS for PGY yields -0.40 with Next year EPS estimates of 1.60. For the next quarter, that number is 0.15. This implies an EPS growth rate of 138.50% for this year and 92.87% for next year.

Float and Shares Shorts:

At present, 49.39 million PGY shares are outstanding with a float of 33.24 million shares on hand for trading. On 2024-04-15, short shares totaled 1.27 million, which was 179.99999999999997 higher than short shares on 1710460800. In addition to Mr. Gal Krubiner as the firm’s CEO, Co-Founder & Director, Mr. Avital Pardo serves as its CTO, Co-Founder & Director.

Institutional Ownership:

Through their ownership of 0.35458001 of PGY’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, PGY reported revenue of $210428000.0 and operating income of $3036000.0. The EBITDA in the recently reported quarter was $9169000.0 and diluted EPS was $nan.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PGY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.