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Fast-paced Momentum Stock Rayonier Advanced Materials (RYAM) Is Still Trading at a Bargain
RYAMRayonier Advanced Materials(RYAM) ZACKS·2024-11-11 14:51

Core 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] - Investing in bargain stocks that have recently shown price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify potential opportunities [3] Group 2: Rayonier Advanced Materials (RYAM) Analysis - Rayonier Advanced Materials (RYAM) has shown a four-week price change of 11.3%, indicating growing investor interest [4] - Over the past 12 weeks, RYAM's stock has gained 33.2%, with a beta of 3.01, suggesting it moves 201% higher than the market [5] - RYAM has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] Group 3: Earnings and Valuation - RYAM has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - The stock is currently trading at a Price-to-Sales ratio of 0.40, suggesting it is undervalued, as investors pay only 40 cents for each dollar of sales [7] Group 4: Additional Opportunities - Besides RYAM, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 strategies tailored to help investors find winning stock picks [9]