Value gained By Pagaya Technologies Ltd. (PGY) In The Past Week: $12.13

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Pagaya Technologies Ltd. (NASDAQ:PGY) finished Wednesday with an addition of $0.02 to close at $2.31, an upside of 0.66 percent. An average of 5,705,600 shares of common stock have been traded in the last five days. There was a fall of -$9.41 in the past week. The last 20 days have seen an average of 1,677,825 shares traded, while the 50-day average volume stands at 6,136,192.

PGY stock has decreased by -86.17% in the last month. The company shares reached their 1-month lowest point of $2.25 on 09/20/22. Shares of the company touched a low of $2.25 and a high of $34.50 in 52 weeks. In spite of this, the price is down -93.32% from the 52-week high.


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Valuation Metrics

Pagaya Technologies Ltd. (PGY) has a trailing price-to-sales (P/S) ratio at 3.41, the price-to-book (PB) ratio at 0.33.

Financial Health

The quick ratio of Pagaya Technologies Ltd. for the recent quarter was 0.10, and the current ratio was 0.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $242.26 million compared to revenue of $474.59 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Pagaya Technologies Ltd.’s return on assets was -3.50%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Pagaya Technologies Ltd. (PGY) price momentum. RSI 9-day as of the close on 21 September was 13.90%, suggesting the stock is oversold, with historical volatility in this time frame at 552.55%.

As of today, PGY’s price is $6.10 -80.33% or -$9.41 from its 5-day moving average. PGY is currently trading -85.28% lower than its 20-day SMA. However, the stock’s current price level is -30.36% below the SMA50.

The stochastic %K and %D were 0.84% and 5.18%, respectively, and the average true range (ATR) was 1.93. With the 14-day stochastic at 0.52% and the average true range at 2.14, the RSI (14) stands at 23.46%. The stock has reached -4.59 on the 9-day MACD Oscillator while the 14-day reading was at -5.27.

Analyst Ratings

MoffettNathanson launched coverage on Pagaya Technologies Ltd. (NASDAQ: PGY) in its analyst report released on September 12, 2022. The firm assigned the stock a Market perform rating. The consensus rating for Pagaya Technologies Ltd. (PGY) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PGY, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is PGY’s price target for the next 12 months?

Analysts predict a range of price targets between $12.00 and $12.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Pagaya Technologies Ltd. (PGY) stock is $12.00.

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