Pagaya Technologies saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 80 to 86.
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IBD's proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to establish and enter a buy zone in heavy trade.
While earnings growth decreased last quarter from 100% to -15%, sales grew 28%, up from 21% in the previous report. The next quarterly results are expected on or around May 7.
The company holds the No. 17 rank among its peers in the Computer Software-Financial industry group. Guidewire Software, Nayax and Fair Isaac are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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