Despite Fast-paced Momentum, Inseego (INSG) Is Still a Bargain Stock

Group 1: Momentum Investing Overview - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] - Identifying the right entry point for momentum stocks is challenging, as they may lose momentum if their valuations exceed future growth potential [1] Group 2: Investment Strategy - 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 [2] - The 'Fast-Paced Momentum at a Bargain' screen helps in spotting fast-moving stocks that remain attractively priced [2] Group 3: Inseego (INSG) Stock Analysis - Inseego (INSG) has shown significant recent price momentum, with a four-week price change of 68%, indicating growing investor interest [3] - Over the past 12 weeks, INSG's stock has gained 76.1%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - INSG has a beta of 1.61, suggesting it moves 61% more than the market in either direction, indicating fast-paced momentum [4] Group 4: Valuation and Earnings Estimates - INSG has a Momentum Score of B, suggesting it is an opportune time to invest in the stock to leverage its momentum [5] - The stock has a Zacks Rank 2 (Buy) due to an upward trend in earnings estimate revisions, which typically attracts more investors [6] - INSG is trading at a Price-to-Sales ratio of 0.87, indicating it is relatively cheap, as investors pay only 87 cents for each dollar of sales [6] Group 5: Additional Opportunities - Besides INSG, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in the identification of potential winning stocks [8]