What Defines 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:
- Optical Cable (NASDAQ:OCC) - P/E: 4.56
- Arrow Electronics (NYSE:ARW) - P/E: 6.65
- Movella Holdings (NASDAQ:MVLA) - P/E: 0.13
- Canadian Solar (NASDAQ:CSIQ) - P/E: 4.06
- Surgepays (NASDAQ:SURG) - P/E: 4.74
This quarter, Optical Cable experienced a decrease in earnings per share, which was $0.31 in Q2 and is now $0.01. Its most recent dividend yield is at 2.45%, which has ('', 'not changed') by 0.0% from 2.45% in the previous quarter.
Arrow Electronics has reported Q3 earnings per share at $4.14, which has decreased by 5.26% compared to Q2, which was 4.37. Movella Holdings has been featured as a value stock. Movella Holdings's Q2 EPS sits at $-0.12, which has not changed since last quarter (Q1). Canadian Solar has reported Q3 earnings per share at $0.32, which has decreased by 86.61% compared to Q2, which was 2.39. Surgepays saw an increase in earnings per share from 0.4 in Q2 to $0.49 now.
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.