Titan Machinery (TITN) Is Attractively Priced Despite Fast-paced Momentum

Asia's Tech News Daily

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage — “buy low and sell high.” Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by “buying high and selling higher.”

Zacks Style Scores, Zacks Premium Screens, Click to get this free report

– Zacks

Everyone likes betting on fast-moving trending stocks, but it isn’t easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.

A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock’s price or earnings, our ‘Fast-Paced Momentum at a Bargain’ screen comes handy in spotting fast-moving stocks that are still attractively priced.

Titan Machinery (TITN) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:

A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 37.5%, the stock of this agriculture and construction equipment seller is certainly well-positioned in this regard.

While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. TITN meets this criterion too, as the stock gained 33.3% over the past 12 weeks.

Moreover, the momentum for TITN is fast paced, as the stock currently has a beta of 1.74. This indicates that the stock moves 74% higher than the market in either direction.

Given this price performance, it is no surprise that TITN has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.

In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped TITN earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That’s because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>

Most importantly, despite possessing fast-paced momentum features, TITN is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. TITN is currently trading at 0.53 times its sales. In other words, investors need to pay only 53 cents for each dollar of sales.

So, TITN appears to have plenty of room to run, and that too at a fast pace.

In addition to TITN, there are several other stocks that currently pass through our ‘Fast-Paced Momentum at a Bargain’ screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.

However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.

Click here to sign up for a free trial to the Research Wizard today.


Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

Titan Machinery Inc. (TITN): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

BoE's Broadbent sees inflation above 5%, price pressure from jobs market

Bank of England Deputy Governor Ben Broadbent attends a Bank of England news conference, in the City of London LONDON (Reuters) – Bank of England Deputy Governor Ben Broadbent said ... Read more »

Biotech star BenevolentAI floats in Europe's biggest SPAC takeover

(BenevolentAI) British biotech star BenevolentAI today said it remains committed to the UK after being taken public with a £1.3 billion valuation in Amsterdam via Europe’s biggest ever healthcare SPAC ... Read more »

Watchdog proposes regular review of investment compensation cap

There should be no increase in the amount of money that customers can get back if their bank, building society or other investment company collapses, the City watchdog has said. ... Read more »

Online mortgage lender sacks hundreds of workers during Zoom call

‘If you’re on this call, you are part of the unlucky group that is being laid off. Your employment here is terminated effective immediately,’ the CEO of Better.com told employees. ... Read more »

Cigna (CI) Offers MA Plans in Florida, Boosts Provider Network (Revised)

Cigna Corporation CI recently extended cost-effective Medicare Advantage (“MA”) plans and forayed for the first time into new counties of Central Florida — Sarasota and Marion. CI boasts a well-established ... Read more »

SME Lending: How To Stand Out In the Crowd?

Pick up any report on fintech trends in India, and you will find mention of SME lending as one of the more popular, and clearly ‘in vogue’ business model. Yes, ... Read more »

eHealth Stock May Be Cheap Here

Health insurance exchange platform eHealth (NASDAQ: EHTH) stock has been crushed falling over (-80%) off its highs heading into year-end. The insurance marketplace received a new CEO just six days ... Read more »

Christine Lagarde orders redesign of euro banknotes to make them ‘more relatable'

Euro notes are presented at European Central Bank in 2015 – DANIEL ROLAND /AFP Euro banknotes are to undergo a major redesign, as the bloc’s central bank strives to make ... Read more »

Woman's email and photos compromised by hacker looking for nudes after she sent phone to Google for repair

Tech Results (Copyright 2018 The Associated Press. All rights reserved) Google’s staff allegedly accessed the Google services, Dropbox account, and email account of a customer’s Pixel 5a device after it ... Read more »

1.3 million Londoners prepared to 'quit their job' due to commute

COVID safety fears on public transport are a factor, with 60% of Londoners citing the commute as a major obstacle to their safe return to the workplace. Photo: Daniel Leal/AFP ... Read more »

2021 on course to be strongest year for house purchases since at least 2007

This year is likely to be the strongest for home buying activity since at least 2007, according to a trade association representing mortgage lenders and other financial firms. Home mover ... Read more »

A major shift is underway at the Federal Reserve that could see a speedier end to its easy policies

The Marriner S. Eccles Federal Reserve building in Washington, D.C., on Friday, Sept. 17, 2021.Stefani Reynolds | Bloomberg | Getty Images A major shift is underway at the Federal Reserve ... Read more »

Amigo Loans shares drop on new £300 million rescue plan

An Amigo Loans advert (Amigo Loans) Troubled personal lender Amigo saw shares sank further into penny territory today as the company announced plans to raise as much as £300 million. ... Read more »

LoanKuber Raises INR 13 Crore In Pre-Series A

LoanKuber has raised INR 13 crore in pre-Series A round led by Lets Venture and Inflection Point Ventures.  Pexels The funds will be utilized to expand its team, enhance the ... Read more »

Halo Infinite review – old-school blasting in sci-fi ‘Dad' game

PC, Xbox Series, Xbox One; Microsoft; 343 IndustriesThe engrossing flagship Xbox shooter returns with its fabled craggy supersoldier and plenty of style but not quite enough bang Twenty years since ... Read more »

Construction sector recovery picks up pace as supply delays ease

Growth in the UK’s construction sector picked up pace in November to reach the fastest in four months as supply delays continue to ease, according to new figures. The closely ... Read more »

Euro zone investor morale darkens on renewed pandemic restrictions

FILE PHOTO: The euro sign is photographed in front of the former head quarter of the European Central Bank in Frankfurt BERLIN (Reuters) – Investor morale in the euro zone ... Read more »

Irn Bru owner AG Barr buys oat milk maker Moma Foods in firm's first step into wellness market

Moma was founded back in 2006 in Deptford (Moma) Irn Bru owner AG Barr has made a first move into the wellness market, signing a deal to buy Deptford-based oat ... Read more »

Gender pay gap exposes unequal UK as women earn 40% less than men

Women in the UK earn an average of £13.20 per hour compared to £16.30 for men. Photo: Vuk Valcic/SOPA Images/Sipa USA Working-age women in the UK earned 40% less on ... Read more »

Britain sees 'green shoots' of recovery from trucker crisis

FILE PHOTO: Lorries are seen at Lymm Services LONDON (Reuters) – Britain still has an acute shortage of heavy goods vehicle (HGV) drivers but the rate at which people are ... Read more »

Wispr AI Raises $4.6 Million In Seed Round

Wispr AI, a neurotechnology company aimed at developing the next generation of human-computer interfaces, has closed $4.6 million in Seed funding co-led by New Enterprise Associates (NEA) and 8VC.  Pexels ... Read more »

Trex Post-Earnings Rally Leads The Stock To New Highs

If you’re remodeling a deck at your home (as I was a few years ago), it’s very likely you’ll at least consider using wood-alternative products from Trex (NYSE: TREX).   ... Read more »

Our £1million kickstart to get youngsters ready for work

Springboard trainees aboard HMS Belfast where they met recruits now employed in the cafe and restaurant (Matt Writtle) Today the Evening Standard and The Independent launch Skill Up Step Up, ... Read more »

Sterling edged higher as traders await BoE's Broadbent speech

FILE PHOTO: British five pound banknotes are seen in this picture illustration By Joice Alves LONDON (Reuters) – Sterling edged higher against the dollar on Monday, but remained close to ... Read more »

Exclusive: oil companies' profits soared to $174bn this year as US gas prices rose

Exxon, Chevron, Shell and BP among group of 24 who resisted calls to increase production but doled out shareholder dividends The largest oil and gas companies made a combined $174bn ... Read more »

UK construction sector grows at strongest pace in four months

A steeper rise in commercial construction, which stood at 56.5, helped offset a slight showdown in house building growth, which fell to 54.7 from 55.4. Photo: Matt Cardy/Getty Images The ... Read more »

Euro zone ministers to stay upbeat on growth despite Omicron

FILE PHOTO: A vial and a syringe are seen in front of a displayed EU flag and words “Omicron SARS-CoV-2″ in this illustration taken BRUSSELS (Reuters) – Euro zone finance ... Read more »

BItcoin, ethereum and solana fall as crypto tokens sink

Bitcoin was trading near two-month lows. Photo: Getty Images Cryptocurrencies were down on Monday morning after bitcoin’s price took a battering over the weekend. Bitcoin (BTC-USD) was down almost 3% ... Read more »

Franco Manca owner Fulham Shore swings to profit as theatreland and City restaurants top 2019 takings

Franco Manca is to launch in Greece (PA Media) Fulham Shore, the firm behind Franco Manca and The Real Greek, saw its central London restaurants trade above 2019 levels in ... Read more »

Demand for new cars up 1.7% but industry warns over ‘weakness'

Demand for new cars grew by 1.7% last month compared with lockdown-hit November 2020 but the automotive industry issued a warning about the market’s “weakness”. The Society of Motor Manufacturers ... Read more »

AG Barr bets on plant-based milk with majority stake in MOMA Foods

FILE PHOTO: Irn Bru is seen on the shelves of Scotch Corner in Pitlochry, Scotland (Reuters) – British soft drinks maker A.G. Barr said on Monday it bought a 60% ... Read more »

John Barton, former chair of easyJet and Next, dies aged 77

Photograph: Bloomberg/Getty Images John Barton, the chairman of the fashion chain Ted Baker and the former chair of easyJet and Next, has died. Ted Baker said the veteran businessman, who ... Read more »

Marshall board accepts £325m takeover offer from WeBuyAnyCar owner

The board of Marshall Motor has said it will accept a £325 million takeover offer from the private-equity backed company behind WeBuyAnyCar. Marshall said that it thought the terms offered ... Read more »

[GLOBAL FINANCE AWARDS] Shinhan Financial Group leads ESG investment trend

Shinhan Financial Group Chairman Cho Yong-byoung speaks at COP26 climate summit held in Glasgow on Oct. 9, 2021. (Shinhan Financial Group)Shinhan Financial Group, South Korea’s second-largest financial company by market ... Read more »

Can You Retire Earlier? Ask These Questions When You Make Financial Plans for 2022

Have you put a plan in place to figure out exactly what you need to do to retire with a certain amount of money in the bank — by a ... Read more »

[GLOBAL FINANCE AWARDS] KakaoBank CEO embraces digital wave, innovates financial services

Kakaobank CEO Yun Ho-Young (Kakao Bank)Yun Ho-young, CEO of South Korea’s largest digital-only bank, KakaoBank, has brought changes in one of the country’s most conservative industries with innovative noncontact services. ... Read more »

[GLOBAL FINANCE AWARDS] KB chairman joins ranks of global ESG leaders

KB Financial Group Chairman Yoon Jong-kyoo (KB Financial GroupFINANCIER OF THE YEAR / KB FINANCIAL GROUP CHAIRMAN YOON JONG-KYOO Despite the problems of the pandemic, 2021 was a landmark year ... Read more »

Franco Manca to beat expectations as restaurants notch up record trade

The business behind pizza chain Franco Manca is doing better than expected as many of its sites have broken their all-time records during the recovery from lockdown. Fulham Shore said ... Read more »

The London entrepreneurs slipstreaming Peloton with homegrown fitness bike Apex Rides

The Apex Rides fitness bike in action (Apex Rides) Simon Cook and Charlie Lucas had a business idea that was pandemic-perfect: a cheaper, smaller, British version of the Peloton home ... Read more »

UBS gives Hong Kong staff COVID quarantine cash -memo

FILE PHOTO: Logo of Swiss bank UBS is seen in Zurich HONG KONG (Reuters) – UBS Group AG has offered its Hong Kong staff up to HK$2000 ($256.45) a day ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic