Despite Fast-paced Momentum, PROG Holdings (PRG) Is Still a Bargain Stock

Core Viewpoint - Investing in bargain stocks with recent price momentum can be a safer approach, utilizing the Zacks Momentum Style Score to identify strong candidates [1] Group 1: Stock Performance and Valuation - PRG has a fast-paced momentum with a beta of 2.12, indicating it moves 112% higher than the market in either direction [2] - The stock has shown a four-week price change of 1.8%, reflecting growing investor interest [4] - PRG is trading at a Price-to-Sales ratio of 0.64, meaning investors pay only 64 cents for each dollar of sales, indicating a reasonable valuation [6] - Over the past 12 weeks, PRG gained 11.4%, demonstrating its ability to deliver positive returns over a longer time frame [11] Group 2: Momentum and Earnings Estimates - PRG has a Momentum Score of B, suggesting it is an opportune time to invest in the stock [5] - An upward trend in earnings estimate revisions has contributed to PRG earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [12] Group 3: Investment Strategy - Momentum investors typically focus on "buying high and selling higher," rather than waiting for cheap stocks to recover [9] - The 'Fast-Paced Momentum at a Bargain' screen identifies several stocks, including PRG, that are suitable for investment [7][10]