Norsk Hydro ASA (NHYDY) Is Attractively Priced Despite Fast-paced Momentum

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 Characteristics - Momentum investing can be risky as stocks may lose momentum if future growth does not justify high valuations [2] - Investing in bargain stocks with recent price momentum may be a safer strategy [3] Group 2: Norsk Hydro ASA (NHYDY) Analysis - NHYDY has shown a price increase of 6.8% over the past four weeks, indicating growing investor interest [4] - The stock gained 20.5% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - NHYDY has a beta of 1.48, suggesting it moves 48% higher than the market in either direction [5] - The stock has a Momentum Score of B, indicating a favorable time to invest [6] - NHYDY has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [7] - The stock is trading at a Price-to-Sales ratio of 0.67, indicating it is reasonably valued [7] Group 3: Investment Opportunities - NHYDY appears to have significant potential for growth at a fast pace [8] - There are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting additional investment opportunities [8]