Fast-paced Momentum Stock Enerflex (EFXT) Is Still Trading at a Bargain

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 when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [3] Group 2: Enerflex (EFXT) Stock Analysis - Enerflex (EFXT) has shown a four-week price change of 14.1%, indicating strong investor interest [4] - EFXT has gained 40.9% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - The stock has a beta of 2.01, suggesting it moves 101% higher than the market in either direction, indicating fast-paced momentum [5] - EFXT has a Momentum Score of B, suggesting it is an opportune time to invest [6] Group 3: Earnings Estimates and Valuation - EFXT has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investor interest [7] - The stock is trading at a Price-to-Sales ratio of 0.66, indicating it is relatively cheap at 66 cents for each dollar of sales [7] - EFXT appears to have significant potential for growth at a fast pace [8] Group 4: Additional Investment Opportunities - Besides EFXT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]