Pagaya Technologies Ltd. (PGY) stock declines slightly, but upcoming earnings report projects positive growth.

From Nasdaq: 2024-09-20 18:15:20

In the latest market close, Pagaya Technologies Ltd. (PGY) closed at $12.33, down 1.75% from the previous day, underperforming the S&P 500. Over the last month, PGY shares increased 1.95%, falling short of the sector and S&P 500 gains. PGY’s upcoming earnings report projects an EPS of $0.27 and revenue of $253.96 million, reflecting positive growth.

Investors are urged to monitor PGY’s performance closely, with estimated earnings and revenue exceeding last year’s figures. Analysts’ positive revisions indicate optimism, influencing a Zacks Rank #3 (Hold). The stock’s valuation boasts a Forward P/E ratio of 14.54, compared to the industry average of 24.09, making PGY potentially undervalued.

For a potential opportunity in the market, Zacks identified 5 stocks projected to double in 2024. These under-the-radar picks offer high growth potential, with previous recommendations seeing significant returns. Zacks recommends keeping an eye on these stocks for upcoming trading sessions for potential investment opportunities.



Read more at Nasdaq: Pagaya Technologies Ltd. (PGY) Declines More Than Market: Some Information for Investors