Workflow
Why Fast-paced Mover Century Communities (CCS) Is a Great Choice for Value Investors
Century munitiesCentury munities(US:CCS) ZACKSยท2024-07-30 13:50

Core Viewpoint - Investing in bargain stocks with recent price momentum is a safer approach, utilizing the Zacks Momentum Style Score to identify strong candidates [1] Group 1: Stock Performance and Valuation - Century Communities (CCS) has a fast-paced momentum with a beta of 1.86, indicating it moves 86% higher than the market [2] - CCS stock gained 21.5% over the past 12 weeks, reflecting its strong performance [5] - CCS is trading at a Price-to-Sales ratio of 0.79, suggesting it is attractively priced at 79 cents for each dollar of sales [6] - The stock has a four-week price change of 29.9%, indicating growing investor interest [11] Group 2: Investment Strategy - Momentum investors focus on "buying high and selling higher," rather than waiting for cheap stocks to recover [4] - CCS has a Momentum Score of A, indicating a favorable entry point for investors [9] - An upward trend in earnings estimate revisions has helped CCS achieve a Zacks Rank 2 (Buy), which is associated with strong momentum [10] Group 3: Additional Insights - There are several stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting multiple investment opportunities [3][8] - The Zacks Research Wizard can assist in backtesting stock-picking strategies to ensure past profitability [7]