Core Viewpoint - Momentum investing focuses on "buying high and selling higher," rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [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: Company Analysis - WidePoint (WYY) - WidePoint (WYY) has shown a four-week price change of 4.7%, indicating growing investor interest [4] - Over the past 12 weeks, WYY's stock has gained 25.8%, demonstrating its ability to deliver positive returns over a longer timeframe [5] - WYY has a beta of 1.65, suggesting it moves 65% more than the market in either direction, indicating fast-paced momentum [5] - The stock has a Momentum Score of B, suggesting it is an opportune time to invest [6] - WYY has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - The stock is trading at a Price-to-Sales ratio of 0.30, indicating it is undervalued, as investors pay only 30 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides WYY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks [9]
Despite Fast-paced Momentum, WidePoint (WYY) Is Still a Bargain Stock