Mogo (MOGO) Shows Fast-paced Momentum But Is Still a Bargain Stock

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 - Momentum investing can be risky as stocks may lose momentum if future growth does not justify high valuations [1] - Identifying the right entry point for fast-moving stocks is challenging, and traditional momentum parameters may not always be reliable [1] Group 2: Bargain Stocks and Screening - Investing in bargain stocks with recent price momentum may be safer, and the Zacks Momentum Style Score is useful for identifying such stocks [2] - The 'Fast-Paced Momentum at a Bargain' screen helps in spotting fast-moving stocks that are still attractively priced [2] Group 3: Mogo Inc (MOGO) Performance - Mogo Inc (MOGO) has shown a price increase of 22.1% over the past four weeks, indicating growing investor interest [3] - Over the past 12 weeks, MOGO's stock gained 45.3%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - MOGO has a high beta of 3.65, suggesting it moves 265% higher than the market in either direction [4] Group 4: Valuation and Earnings Estimates - MOGO has a Momentum Score of A, indicating a favorable time to invest based on momentum [5] - The stock has a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which attract more investors [6] - MOGO is trading at a Price-to-Sales ratio of 0.63, indicating it is relatively cheap at 63 cents for each dollar of sales [6] Group 5: Additional Investment Opportunities - MOGO has potential for further growth, and there are other stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria [7] - Zacks offers over 45 Premium Screens to help investors find winning stock picks based on their investing style [8]