Fast-paced Momentum Stock Pagaya Technologies Ltd. (PGY) Is Still Trading at a Bargain

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional "buying low and selling high" strategies, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum if their valuations exceed future growth potential, leading to potential losses for investors [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Pagaya Technologies Ltd. (PGY) Analysis - Pagaya Technologies Ltd. (PGY) has shown a four-week price change of 5.2%, indicating growing investor interest [4] - Over the past 12 weeks, PGY's stock has gained 20.8%, with a high beta of 5.89, suggesting significant price movement compared to the market [5] - PGY has a Momentum Score of A, indicating a favorable entry point for investors looking to capitalize on its momentum [6] Group 3: Earnings Estimates and Valuation - PGY has received upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy), which typically attracts more investor interest and drives price increases [7] - The stock is currently trading at a Price-to-Sales ratio of 0.82, suggesting it is undervalued, as investors pay only 82 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides PGY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]