iPower (US:IPW) ZACKSยท2024-09-30 13:51Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - A safer strategy 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: iPower Inc. (IPW) Analysis - iPower Inc. (IPW) has shown a significant price increase of 42.6% over the past four weeks, indicating strong investor interest [4] - The stock has gained 1.7% over the past 12 weeks and has a high beta of 4, suggesting it moves 300% more than the market in either direction [5] - IPW has a Momentum Score of A, indicating a favorable time to invest based on its momentum [6] Group 3: Earnings and Valuation - An upward trend in earnings estimate revisions has contributed to IPW earning a Zacks Rank 1 (Strong Buy), which is associated with strong momentum effects [7] - IPW is trading at a Price-to-Sales ratio of 0.67, suggesting it is undervalued as investors pay only 67 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides IPW, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting additional investment opportunities [8] - Various Zacks Premium Screens are available to help identify potential winning stock picks based on different investing styles [9]