2024-04-03 12:19:08 ET
Summary
- Pagaya is experiencing turbulent times, with a stock split and unexpected equity rise.
- The reverse stock split aimed to attract institutional investors but led to speculative movements in the stock price.
- The unexpected equity rise, just five days after the split, has negatively impacted the company's stock price, suggesting financial difficulties.
- With a ridiculously low market capitalization ($666 million as of today, April 2), I expect to see strong appreciation in the share price throughout this year 2024 and 2025.
In recent days/weeks, Pagaya is experienced its most turbulent moments since its creation a few years ago as a SPAC company.
Thus, March 8 was the date of i mplementation of the reverse stock split through which the shares were divided by 12 and the price was multiplied by the same figure (1:12). The company justified this decision by improving the marketing of the shares and attracting institutional investors....
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For further details see:
Pagaya: Financial Uncertainty Causes An Attractive Entry Opportunity