Pagaya TechnologiesNASDAQ: PGY

I believe Pagaya Technologies is overvalued, with negligible free cash flow and a balance sheet riddled with restrictions, making it a sell. Despite Pagaya's earnings, EBITDA, and cash flow, its free cash flow remains minimal, raising concerns about its financial health. PGY's share count increased by 12% y/y while revenues grew by 21% y/y, puzzling investors about the company's true value.

The mean of analysts' price targets for Pagaya Technologies Ltd. (PGY) points to an 110.4% upside in the stock.

While the top- and bottom-line numbers for Pagaya Technologies Ltd. (PGY) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Pagaya Technologies Ltd. is a fintech company leveraging AI and data analytics to enhance consumer credit and real estate solutions, showing significant growth despite recent stock volatility. The company reported a record Q3 revenue of $257 million, driven by a 24% increase in fee revenue and 11% network volume growth. Despite a net loss due to non-cash items, Pagaya achieved a record adjusted EBITDA of $56 million, with a margin surge to 21.8%.

Pagaya Technologies Ltd. (PGY) saw its shares surge in the last session with trading volume being higher than average.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Pagaya Technologies Ltd. (PGY) could be a great choice.

The latest trading day saw Pagaya Technologies Ltd. (PGY) settling at $11.68, representing a +1.39% change from its previous close.

This disruptive tech stock is making waves in the financial industry.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to nine classes of notes issued by Pagaya AI Debt Grantor Trust 2024-10 and Pagaya AI Debt Trust 2024-10 (collectively “PAID 2024-10”), an unsecured consumer loan ABS transaction. PAID 2024-10 has initial hard credit enhancement levels of 71.28% for the Class A Notes to 2.51% for the Class F Notes. Credit enhancement is comprised of overcollateralization, subordination (except for the Class F Notes), a cash reserve account funded at cl.