Steelcase (SCS) 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 - Investors following momentum investing tend to avoid undervalued stocks, believing that quicker profits can be made from trending stocks [1] - Identifying the right entry point for fast-moving stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] Group 2: Stock Analysis - Steelcase (SCS) - Steelcase (SCS) has shown a price increase of 2.6% over the past four weeks, indicating growing investor interest [3] - The stock has gained 61.5% over the past 12 weeks, demonstrating strong long-term momentum [4] - SCS has a beta of 1.26, suggesting it moves 26% more than the market in either direction, indicating fast-paced momentum [4] - SCS has a Momentum Score of A, suggesting it is an opportune time to invest in the stock [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [6] - SCS is trading at a Price-to-Sales ratio of 0.61, indicating it is reasonably valued at 61 cents for each dollar of sales [6] Group 3: Investment Opportunities - In addition to SCS, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7] - The Zacks Premium Screens offer over 45 different strategies to help identify potential winning stocks based on various investing styles [8]