Here Is Why Bargain Hunters Would Love Fast-paced Mover Inseego (INSG)

Group 1: Momentum Investing Overview - Momentum investing deviates from the traditional strategy of "buying low and selling high," focusing instead on "buying high and selling higher" to achieve quicker profits [1] - Fast-moving trending stocks can be appealing, but identifying the right entry point is challenging, as these stocks may lose momentum if their valuations exceed future growth potential [2] Group 2: Investment Strategy - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify promising candidates [3] - Inseego (INSG) is highlighted as a strong candidate, showing a four-week price change of 163.9%, indicating growing investor interest [4] Group 3: Performance Metrics - INSG has demonstrated significant long-term momentum, with a 175.2% price increase over the past 12 weeks and a beta of 1.53, suggesting it moves 53% more than the market [5] - The stock has a Momentum Score of B, indicating a favorable entry point for investors looking to capitalize on its momentum [6] Group 4: Earnings and Valuation - INSG has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest and drive prices higher [7] - The stock is currently trading at a Price-to-Sales ratio of 0.60, suggesting it is undervalued, as investors pay only 60 cents for each dollar of sales [7] Group 5: Additional Opportunities - Besides INSG, 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]