Bark(US:BARK) ZACKSยท2024-07-23 13:51Core 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 - Investors following momentum investing often avoid undervalued stocks, believing that quicker profits can be made from trending stocks [1] - Identifying the right entry point for fast-moving stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] Group 2: BARK Inc. as a Momentum Stock - BARK Inc. (BARK) has shown a price increase of 3.4% over the past four weeks, indicating growing investor interest [2] - The stock has gained 37.3% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [3] - BARK has a beta of 1.7, suggesting it moves 70% more than the market in either direction, indicating fast-paced momentum [3] Group 3: Earnings Estimates and Valuation - BARK has a Momentum Score of B, suggesting it is a favorable time to invest in the stock [3] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [4] - BARK is trading at a Price-to-Sales ratio of 0.55, indicating it is relatively cheap at 55 cents for each dollar of sales [4] Group 4: Additional Investment Opportunities - Besides BARK, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, which may present additional investment opportunities [5] - The Zacks Premium Screens offer over 45 strategies to help identify potential winning stocks based on various investing styles [5]