8x8 (EGHT) Is Attractively Priced Despite Fast-paced Momentum

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" to maximize returns in a shorter time frame [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks can lose momentum when their valuations exceed future growth potential [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 promising stocks [3] Group 2: Stock Analysis - 8x8 (EGHT) - 8x8 (EGHT) has shown a price increase of 3% over the past four weeks, indicating growing investor interest [4] - The stock has gained 41.3% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer time frame [5] - EGHT has a beta of 1.63, suggesting it moves 63% more than the market, indicating fast-paced momentum [5] - With a Momentum Score of A, EGHT is positioned as a favorable entry point for investors looking to capitalize on momentum [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to EGHT earning a Zacks Rank 1 (Strong Buy), which is associated with strong momentum effects [7] - EGHT is currently trading at a Price-to-Sales ratio of 0.50, indicating it is attractively priced at 50 cents for each dollar of sales, providing room for growth [7] Group 4: Additional Investment Opportunities - Besides EGHT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]