Fast-paced Momentum Stock Enova International (ENVA) Is Still Trading at a Bargain

Core Insights - Momentum investing focuses on "buying high and selling higher" rather than traditional "buying low and selling high" strategies [1] - Identifying the right entry point for fast-moving stocks can be challenging, as they may lose momentum if their valuations exceed future growth potential [2] Group 1: Momentum Investing Strategy - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such stocks [3] - Enova International (ENVA) is highlighted as a strong candidate due to its recent price momentum, with a four-week price change of 4.5% [4] - ENVA has demonstrated significant long-term performance, gaining 18% over the past 12 weeks, and has a beta of 1.52, indicating higher volatility compared to the market [5] Group 2: Valuation and Earnings Estimates - ENVA has a Momentum Score of B, suggesting it is an opportune time to invest in the stock [6] - The stock has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [7] - ENVA is trading at a Price-to-Sales ratio of 0.98, indicating it is reasonably valued at 98 cents for each dollar of sales [7] Group 3: Additional Opportunities - Besides ENVA, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]