Pagaya Popping on Positive Q4 and Full Year 2022 Results

(24/7 MARKET NEWS) – Pagaya Technologies Ltd. (NASDAQ: PGY) reported, this morning, its fourth quarter and full year of 2022 financial results. Highlights include full year 2022 network volume grew by 49%, year-over-year, to $7.3 billion; total revenues and other income exceeded high end of 2022 guidance, by growing 58% to record $749 million; and adjusted EBITDA of ($4.8) million.

Pagaya is at $1.44, up $0.10 (+7.46%), on trading volume of 100 thousand premarket shares.

Its 52-week trading range is $0.5701 to $34.50. Its Monday high of $1.61 is a multi-month high and the key resistance. If it becomes the AI flavor of the day and its trading volume strengthens, it could reach its September gap fill it in to the $7 level.

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