Here Is Why Bargain Hunters Would Love Fast-paced Mover Mogo (MOGO)

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Investors following momentum investing avoid cheap stocks and instead focus on fast-moving stocks [1] - Identifying the right entry point for trending stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] Group 2: Bargain Stocks with Momentum - Investing in bargain stocks that have recently shown price momentum may be a safer strategy [2] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [2] Group 3: Mogo Inc (MOGO) Analysis - Mogo Inc (MOGO) has seen a price increase of 51.2% over the past four weeks, indicating growing investor interest [3] - The stock gained 25% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - MOGO has a high beta of 3.47, suggesting it moves 247% higher than the market in either direction [4] Group 4: Valuation and Earnings Estimates - MOGO has a Momentum Score of B, indicating a favorable time to invest [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - MOGO is trading at a Price-to-Sales ratio of 0.63, meaning investors pay 63 cents for each dollar of sales, indicating a reasonable valuation [6] Group 5: Additional Investment Opportunities - Besides MOGO, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles [8]