The stock of Pagaya Technologies Ltd. (NASDAQ:PGY) decreased by -$0.25 on Monday to finish at $2.40, down -9.43 percent. The last five days have seen an average of 14,056,141 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $1.16. The average number of shares traded over the last 20 days was 13,585,186, while the average volume over the last 50 days totaled 8,100,340.
PGY stock appreciated 44.58% since last month. On 07/17/23, the company’s shares reached a one-month low of $1.67. The stock touched a high of $24.00 on 07/31/23, after rallying from a low of $0.57 in 52 weeks. The price of PGY stock has risen by 93.55% or $1.16 this year, reaching a new high 13 times. Still, the stock price is down -90.00% from the 52-week high.
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Valuation Metrics
Beta for the stock is 7.81. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.91, the price-to-book (PB) ratio of 3.81.
Financial Health
For the three months ended March 30, Pagaya Technologies Ltd.’s quick ratio was 3.80, while its current ratio was 3.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.54, and the total debt to equity ratio is 0.68. As far as profitability goes, gross margin for the trailing twelve months is 35.90% percent. Pagaya Technologies Ltd.’s operating margin stood at -16.20% for the same period. Based on annual data, it had gross profit of $297.84 million and revenue of $748.93 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PGY’s return on assets (ROA) during the last 12 months has been -18.40%. There was a -42.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -38.30%.
Earnings Surprise
According to Pagaya Technologies Ltd.’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $748.93 million, while revenues rose by 100.0% to $0.0. It was predicted that Pagaya Technologies Ltd.’s quarterly earnings would be -$0.09, but it ended up being -$0.03. EBITDA was -$5.77 million for the quarter. At the end of Pagaya Technologies Ltd.’s most recent quarter ended March 30, its liabilities totaled 483.96 million, while its total debt was $357.67 million.
Technical Picture
Here’s a quick look at Pagaya Technologies Ltd.’s (PGY) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 52.45%, suggesting the stock is Neutral, with a 108.12% historical volatility rate.
The stochastic %K and %D were 56.93% and 59.21% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 43.42%, the RSI (14) reading is 56.14%. On the 9-day MACD Oscillator, the stock is at -0.01.
Analyst Ratings
In its analyst report released on July 27, 2023, B. Riley Securities began covering Pagaya Technologies Ltd. (NASDAQ: PGY). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Pagaya Technologies Ltd. (PGY) an Overweight rating. PGY is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
