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Promising Value Stocks To Add to Your Watchlist - May 3rd

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Reddit, ProShares UltraPro Short QQQ, Berkshire Hathaway, Block, iShares Bitcoin Trust, Take-Two Interactive Software, and QUALCOMM are the seven Value stocks to watch today, according to MarketBeat's stock screener tool. Value stocks are shares of companies trading at prices below what their fundamental metrics—like earnings, cash flow or book value—would suggest is fair. They often exhibit low price-to-earnings or price-to-book ratios, indicating potential undervaluation by the market. Investors buy value stocks expecting that the market will eventually recognize their true worth and drive their prices upward. These companies had the highest dollar trading volume of any Value stocks within the last several days.

Reddit (RDDT)

RDDT stock traded down $5.78 during midday trading on Friday, reaching $113.01. 29,544,738 shares of the company's stock traded hands, compared to its average volume of 5,807,053. The company has a 50-day simple moving average of $116.82 and a two-hundred day simple moving average of $143.22. Reddit has a 1-year low of $46.24 and a 1-year high of $230.41. The company has a market cap of $20.44 billion, a price-to-earnings ratio of -14.62, a PEG ratio of 4.72 and a beta of 2.89.

Read Our Latest Research Report on RDDT

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.

Shares of SQQQ stock traded down $1.40 during trading hours on Friday, hitting $28.61. 109,088,799 shares of the company's stock were exchanged, compared to its average volume of 51,277,774. The stock's 50-day moving average is $36.76 and its 200-day moving average is $33.03. ProShares UltraPro Short QQQ has a 52 week low of $26.21 and a 52 week high of $57.95.

Read Our Latest Research Report on SQQQ

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

Shares of NYSE BRK.B traded up $9.82 during trading on Friday, reaching $540.05. The company had a trading volume of 4,932,657 shares, compared to its average volume of 4,165,592. Berkshire Hathaway has a 52 week low of $399.21 and a 52 week high of $542.07. The business's 50 day moving average price is $517.44 and its 200-day moving average price is $482.90. The stock has a market cap of $1.17 trillion, a PE ratio of 10.91, a PEG ratio of 3.45 and a beta of 0.80.

Read Our Latest Research Report on BRK.B

Block (XYZ)

Square, Inc. provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

NYSE:XYZ traded down $11.91 during trading hours on Friday, hitting $46.57. 54,184,673 shares of the stock were exchanged, compared to its average volume of 8,997,913. The firm has a market capitalization of $28.85 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.72 and a beta of 2.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07. The company's 50 day moving average is $56.86. Block has a twelve month low of $44.27 and a twelve month high of $99.26.

Read Our Latest Research Report on XYZ

iShares Bitcoin Trust (IBIT)

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.

iShares Bitcoin Trust stock traded up $0.24 during mid-day trading on Friday, hitting $55.19. The stock had a trading volume of 43,282,599 shares, compared to its average volume of 45,728,766. The stock has a 50-day simple moving average of $48.86 and a two-hundred day simple moving average of $51.20. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75.

Read Our Latest Research Report on IBIT

Take-Two Interactive Software (TTWO)

Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.

Shares of NASDAQ:TTWO traded down $15.67 during trading on Friday, hitting $219.50. 8,966,760 shares of the company's stock were exchanged, compared to its average volume of 1,683,101. The firm has a 50-day moving average price of $210.94 and a two-hundred day moving average price of $193.62. Take-Two Interactive Software has a 1-year low of $135.24 and a 1-year high of $238.00. The firm has a market cap of $38.74 billion, a P/E ratio of -10.29, a PEG ratio of 6.83 and a beta of 1.01. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Read Our Latest Research Report on TTWO

QUALCOMM (QCOM)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

Shares of NASDAQ:QCOM traded up $4.60 during midday trading on Friday, hitting $139.81. The company had a trading volume of 13,180,073 shares, compared to its average volume of 8,888,774. The firm has a fifty day simple moving average of $147.74 and a 200 day simple moving average of $158.53. The stock has a market cap of $154.63 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 2.01 and a beta of 1.28. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. QUALCOMM has a 12 month low of $120.80 and a 12 month high of $230.63.

Read Our Latest Research Report on QCOM

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