Priority Technology (PRTH) Shows Fast-paced Momentum But Is Still a Bargain Stock

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [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 investments with limited upside or potential downside [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify these opportunities [3] Group 2: Case Study - Priority Technology (PRTH) - Priority Technology (PRTH) has shown significant recent price momentum, with a four-week price change of 76.2%, indicating growing investor interest [4] - Over the past 12 weeks, PRTH's stock has gained 76.5%, and it has a beta of 1.2, suggesting it moves 20% more than the market in either direction [5] - PRTH has a Momentum Score of A, indicating a favorable time to invest based on its momentum characteristics [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to PRTH earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - PRTH is currently trading at a Price-to-Sales ratio of 0.90, suggesting it is undervalued as investors pay only 90 cents for each dollar of sales [7] Group 4: Additional Opportunities - Besides PRTH, 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 different strategies tailored to help investors find winning stock picks [9]