Fast-paced Momentum Stock GoPro (GPRO) Is Still Trading at a Bargain

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 may involve investing in bargain stocks that have recently shown price momentum, utilizing tools like the Zacks Momentum Style Score to identify promising candidates [3] Group 2: GoPro (GPRO) Analysis - GoPro (GPRO) has demonstrated significant price momentum with a four-week price change of 44.8%, indicating strong investor interest [4] - The stock has gained 4.7% over the past 12 weeks and has a beta of 1.35, suggesting it moves 35% more than the market in either direction [5] - GPRO holds a Momentum Score of A, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - GPRO has seen upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - The stock is currently trading at a Price-to-Sales ratio of 0.18, suggesting it is undervalued as investors pay only 18 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides GPRO, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting additional investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]