Digital Turbine (APPS) Shows Fast-paced Momentum But Is Still a Bargain Stock

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 - Momentum investing can be risky as stocks may lose momentum if their valuations exceed future growth potential, leading to potential losses for investors [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: Digital Turbine (APPS) Analysis - Digital Turbine (APPS) has shown significant price movement, with a 72% increase over the past four weeks, indicating strong investor interest [4] - Over the past 12 weeks, APPS has gained 193.8%, demonstrating its ability to deliver positive returns over a longer timeframe [5] - APPS has a high beta of 2.38, suggesting it moves 138% more than the market, indicating fast-paced momentum [5] - The stock has a Momentum Score of A, suggesting it is an opportune time for investment to capitalize on its momentum [6] Group 3: Earnings Estimates and Valuation - APPS has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [7] - The stock is currently trading at a Price-to-Sales ratio of 0.92, indicating it is reasonably valued at 92 cents for each dollar of sales, providing room for further growth [7] Group 4: Additional Investment Opportunities - Besides APPS, 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]