Published on 10 Aug 2022 on Simply Wall St. via Yahoo Finance
Despite shrinking by US$5.3b in the past week, Pagaya Technologies (NASDAQ:PGY) shareholders are...
It's been a soft week for Pagaya Technologies Ltd. (NASDAQ:PGY) shares, which are down 27%. But that doesn't detract from the splendid returns of the last year. Indeed, the share price is up an impressive 126% in that time. So some might not be surprised to see the price retrace some. The real question is whether the business is trending in the right direction.
Although Pagaya Technologies has shed US$5.3b from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.
Check out our latest analysis for Pagaya Technologies