What is a Value Stock?
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.
Benzinga Insights has compiled a list of value stocks in the healthcare sector that may be worth watching:
- SunLink Health Systems SSY – P/E: 1.4
- BioNTech BNTX – P/E: 3.18
- Cross Country Healthcare CCRN – P/E: 5.45
- Innoviva INVA – P/E: 6.53
- QuidelOrtho QDEL – P/E: 4.37
SunLink Health Systems’s earnings per share for Q3 sits at $-0.14, whereas in Q2, they were at -0.07. BioNTech has reported Q1 earnings per share at $15.97, which has increased by 14.64% compared to Q4, which was 13.93. Cross Country Healthcare saw an increase in earnings per share from 1.4 in Q4 to $1.7 now. Most recently, Innoviva reported earnings per share at $0.39, whereas in Q4 earnings per share sat at $0.14. QuidelOrtho’s earnings per share for Q1 sits at $11.66, whereas in Q4, they were at 7.29.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.
Image and article originally from www.benzinga.com. Read the original article here.