A Piece Of The Puzzle Missing From Pagaya Technologies Ltd.’s (NASDAQ:PGY) 56% Share Price Climb
Those holding Pagaya Technologies Ltd. (NASDAQ:PGY) shares would be relieved that the share price has rebounded 56% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Taking a wider view, although not as strong as the last month, the full year gain of 19% is also fairly reasonable.
Even after such a large jump in price, Pagaya Technologies may still be sending very bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 1x, since almost half of all companies in the Software industry in the United States have P/S ratios greater than 4.8x and even P/S higher than 10x are not unusual. Although, it’s not wise to just take the P/S at face value as…
