Pagaya Technologies saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 90 to 93.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against all other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 at the beginning of a new climb.
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Pagaya Technologies has risen more than 5% past a 16.30 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings-per-share growth declined last quarter from 100% to -15%, but the top line rose from 21% to 28%.
Pagaya Technologies earns the No. 14 rank among its peers in the Computer Software-Financial industry group. Intapp, Clearwater Analytics and Vertex are among the top 5 highly rated stocks within the group.
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