Overview Of Value Stocks In The Technology Sector
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 technology sector that may be worth watching:
- Wag Group (NASDAQ:PET) - P/E: 1.37
- HP (NYSE:HPQ) - P/E: 9.28
- Optical Cable (NASDAQ:OCC) - P/E: 4.88
- Movella Holdings (NASDAQ:MVLA) - P/E: 0.11
- Adeia (NASDAQ:ADEA) - P/E: 9.77
Wag Group's earnings per share for Q3 sits at $-0.06, whereas in Q2, they were at -0.1. HP's earnings per share for Q4 sits at $0.9, whereas in Q3, they were at 0.86. Its most recent dividend yield is at 4.03%, which has increased by 0.55% from 3.48% in the previous quarter.
Most recently, Optical Cable reported earnings per share at $0.01, whereas in Q2 earnings per share sat at $0.31. The company's most recent dividend yield sits at 2.45%, which has ('', 'not changed') by 0.0% from 2.45% last quarter.
Movella Holdings looks to be undervalued. It possesses an EPS of $-0.12, which has not changed since last quarter (Q1). Adeia's earnings per share for Q3 sits at $0.38, whereas in Q2, they were at 0.26. The company's most recent dividend yield sits at 1.73%, which has decreased by 1.03% from 2.76% last quarter.
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.
