Fast-paced Momentum Stock GrowGeneration (GRWG) Is Still Trading at a Bargain

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - A safer strategy involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: GrowGeneration (GRWG) Stock Analysis - GrowGeneration (GRWG) has shown a 2% price increase over the past four weeks, indicating growing investor interest [4] - Over the past 12 weeks, GRWG's stock gained 2.7%, with a beta of 2.41, suggesting it moves 141% more than the market in either direction [5] - GRWG has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to GRWG earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - GRWG is trading at a Price-to-Sales ratio of 0.57, suggesting it is undervalued, as investors pay only 57 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides GRWG, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks [9]