Despite Fast-paced Momentum, Nine Energy (NINE) Is Still a Bargain Stock

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of buying low and waiting for recovery [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to limited upside or downside risks [2] - 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 [3] Group 2: Nine Energy Service (NINE) Analysis - Nine Energy Service (NINE) has shown a significant price increase of 25.2% over the past four weeks, indicating growing investor interest [4] - The stock has gained 17.1% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - NINE has a high beta of 3.31, suggesting it moves 231% more than the market in either direction, indicating fast-paced momentum [5] - NINE holds a Momentum Score of A, suggesting it is an opportune time to invest in the stock [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [7] - NINE is trading at a Price-to-Sales ratio of 0.11, indicating it is undervalued at 11 cents for each dollar of sales, providing room for growth [7] Group 3: Additional Investment Opportunities - Besides NINE, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]