Pagaya Technologies saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 68 to 79.
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IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Pagaya Technologies can continue to show renewed price strength and clear that threshold.
Pagaya Technologies is not currently showing a potential buy point. See if the stock goes on to build a promising consolidation that could launch a new move.
Earnings growth declined in the most recent quarter from 100% to -15%. But revenue moved higher, from 21% to 28%. The company is expected to report its latest numbers on or around May 7.
Pagaya Technologies holds the No. 18 rank among its peers in the Computer Software-Financial industry group. Guidewire Software, Nayax and Clearwater Analytics 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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