Fast-paced Momentum Stock Chegg (CHGG) Is Still Trading at a Bargain

Group 1 - Momentum investing is characterized by the strategy of "buying high and selling higher," contrasting with the traditional "buy low and sell high" approach [1] - Identifying the right entry point for momentum stocks can be challenging, as they may lose momentum if their valuations exceed future growth potential [1] - Investing in bargain stocks that have recently shown price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [2] Group 2 - Chegg (CHGG) is highlighted as a strong candidate for momentum investing, having experienced a 27% price increase over the past four weeks [3] - CHGG has also gained 11.1% over the past 12 weeks, indicating its ability to deliver positive returns over a longer timeframe [4] - The stock has a high beta of 1.85, suggesting it moves 85% more than the market in either direction, reflecting its fast-paced momentum [4] Group 3 - CHGG has a Momentum Score of A, indicating a favorable time to invest in the stock to capitalize on its momentum [5] - The stock has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [6] - CHGG is currently trading at a Price-to-Sales ratio of 0.34, indicating it is undervalued at 34 cents for each dollar of sales [6] Group 4 - In addition to CHGG, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, providing additional tools for stock selection [8]