TerrAscend Corp. (TSNDF) Is Attractively Priced Despite Fast-paced Momentum

Core Insights - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [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 - Investing in bargain stocks that have recently shown price momentum can be a safer approach [3] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [3] Group 2: TerrAscend Corp. (TSNDF) Analysis - TerrAscend Corp. (TSNDF) has shown a four-week price change of 6.2%, indicating growing investor interest [4] - Over the past 12 weeks, TSNDF's stock has gained 145.7%, demonstrating its ability to deliver positive returns over a longer timeframe [5] - TSNDF has a beta of 1.47, suggesting it moves 47% higher than the market in either direction, indicating fast-paced momentum [5] Group 3: Valuation and Earnings Estimates - TSNDF has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] - The stock has earned a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which attract more investor interest [7] - TSNDF is trading at a Price-to-Sales ratio of 0.93, suggesting it is undervalued at 93 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - TSNDF has significant potential for growth at a fast pace, and there are other stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to find winning stock picks [9]