Value Stocks To Keep An Eye On - November 15th

Key Points

• MarketBeat’s screener identified QQQ, Micron, Sandisk, Intel, CoreWeave, Cerebras Systems, and ProShares UltraPro Short QQQ as high-dollar-volume “value” stocks to watch; the label reflects the screener’s criteria and does not guarantee undervaluation.
• Several names fell sharply Friday: Micron closed at $778.31, Sandisk at $885.01, and Intel at $59.66. Sandisk also has an announced 8-for-1 stock split, with shares due to be issued after the market closes November 19.
• Trading was volatile across the list: Cerebras rose to $108.72 and inverse Nasdaq-100 fund SQQQ rose to $42.46, while CoreWeave fell to $53.13; CoreWeave’s debt-to-equity ratio was 5.53.

Invesco QQQ, Micron Technology, Sandisk, Intel, CoreWeave, Cerebras Systems, and ProShares UltraPro Short QQQ are the seven Value stocks to watch today, according to MarketBeat's stock screener tool. Value stocks are shares of companies that investors believe are priced below their worth based on fundamentals such as earnings, assets, or cash flow. They often have relatively low price-to-earnings or price-to-book ratios, though a low valuation can also reflect real business risks. These companies had the highest dollar trading volume of any Value stocks within the last several days.

Invesco QQQ (QQQ)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Shares of QQQ traded down $8.28 on Friday, reaching $679.89. The stock had a trading volume of 41,699,213 shares, compared to its average volume of 50,589,784. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The firm has a 50-day moving average of $717.86 and a 200 day moving average of $681.81.

Read Our Latest Research Report on QQQ

Micron Technology (MU)

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

MU stock traded down $20.13 during midday trading on Friday, hitting $778.31. 27,749,501 shares of the stock were exchanged, compared to its average volume of 30,791,856. The stock's 50-day moving average price is $943.73 and its 200-day moving average price is $764.29. The stock has a market cap of $880.60 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 0.14 and a beta of 2.36. Micron Technology has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31.

Read Our Latest Research Report on MU

Sandisk (SNDK)

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components.

SNDK traded down $52.45 during trading on Friday, reaching $885.01. 12,157,223 shares of the stock were exchanged, compared to its average volume of 11,747,802. The company has a market capitalization of $125.93 billion, a price-to-earnings ratio of 7.09, a P/E/G ratio of 0.07 and a beta of 5.66. Sandisk has a 1 year low of $183.00 and a 1 year high of $2,354.39. The business's 50 day moving average price is $1,441.43 and its two-hundred day moving average price is $1,275.55.

Sandisk shares are set to split on Friday, November 20th. The 8-1 split was announced on Thursday, October 29th. The newly created shares will be issued to shareholders after the market closes on Thursday, November 19th.

Read Our Latest Research Report on SNDK

Intel (INTC)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

Shares of INTC stock traded down $1.54 during mid-day trading on Friday, reaching $59.66. The stock had a trading volume of 102,211,925 shares, compared to its average volume of 146,395,888. The company has a market cap of $317.09 billion, a P/E ratio of -24.76, a price-to-earnings-growth ratio of 6.55 and a beta of 2.42. The company has a current ratio of 2.31, a quick ratio of 1.95 and a debt-to-equity ratio of 0.47. Intel has a 12-month low of $32.89 and a 12-month high of $142.35. The business has a 50-day simple moving average of $94.97 and a 200 day simple moving average of $86.90.

Read Our Latest Research Report on INTC

CoreWeave (CRWV)

Shares of CoreWeave stock traded down $3.47 on Friday, hitting $53.13. The company's stock had a trading volume of 79,777,131 shares, compared to its average volume of 74,274,896. CoreWeave has a 52-week low of $40.58 and a 52-week high of $138.25. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The firm has a fifty day moving average price of $72.60 and a 200-day moving average price of $88.80. The company has a market capitalization of $24.38 billion, a P/E ratio of -11.30 and a beta of 7.71.

Read Our Latest Research Report on CRWV

Cerebras Systems (CBRS)

We are building the fastest AI infrastructure in the world. In AI, speed is critical to win. Speed improves user engagement, expands product capabilities, can lower operating costs, and opens new markets. It shortens iteration cycles for engineers, researchers, and professionals across industries, allowing them to be more productive.

NASDAQ CBRS traded up $10.97 during trading hours on Friday, reaching $108.72. The company's stock had a trading volume of 36,767,398 shares, compared to its average volume of 11,213,264. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.80 and a current ratio of 5.82. The business's 50-day moving average price is $151.02. Cerebras Systems has a fifty-two week low of $77.84 and a fifty-two week high of $386.34. The company has a market cap of $25.83 billion and a PE ratio of -1,359.00.

Read Our Latest Research Report on CBRS

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

SQQQ traded up $1.53 during midday trading on Friday, reaching $42.46. 52,977,775 shares of the company's stock were exchanged, compared to its average volume of 56,079,211. The business's 50-day moving average price is $37.83 and its 200 day moving average price is $49.11. ProShares UltraPro Short QQQ has a 1-year low of $31.42 and a 1-year high of $90.71.

Read Our Latest Research Report on SQQQ

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