Despite Fast-paced Momentum, 8x8 (EGHT) Is Still a Bargain Stock

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - Investing in bargain stocks with recent price momentum may be a safer approach [2] Group 2: Stock Analysis - 8x8 (EGHT) - 8x8 (EGHT) has shown a four-week price change of 10.9%, indicating growing investor interest [3] - The stock gained 3.6% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - EGHT has a beta of 1.66, suggesting it moves 66% more than the market in either direction [4] - The stock has a Momentum Score of A, indicating a favorable entry point for investors [5] - EGHT has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - The stock is trading at a Price-to-Sales ratio of 0.52, suggesting it is undervalued at 52 cents for each dollar of sales [6] Group 3: Investment Opportunities - EGHT appears to have significant growth potential and is part of a broader list of stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria [7] - There are over 45 Zacks Premium Screens available to help identify winning stock picks based on various investing styles [8]