Fast-paced Momentum Stock Newmark Group (NMRK) Is Still Trading at a Bargain

Core Viewpoint - Newmark Group (NMRK) is identified as a strong candidate for investment due to its favorable valuation and recent price momentum, making it an attractive option for momentum investors. Valuation - NMRK is currently trading at a Price-to-Sales ratio of 0.85, indicating that investors are paying 85 cents for each dollar of sales, which is considered cheap [2]. Momentum Characteristics - NMRK has shown significant price momentum with a four-week price change of 23.1% and a 12-week gain of 23.8%, indicating strong investor interest [9][10]. - The stock has a beta of 2.02, suggesting it moves 102% higher than the market in either direction, reflecting its fast-paced momentum [10]. Investment Strategy - The 'Fast-Paced Momentum at a Bargain' screen is highlighted as a useful tool for identifying stocks like NMRK that are experiencing price momentum while still being attractively priced [8]. - NMRK has a Momentum Score of B, indicating a favorable time to invest based on its momentum characteristics [11]. Earnings Estimates - An upward trend in earnings estimate revisions has contributed to NMRK earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects as analysts raise their earnings estimates [12].