Top 15 Most Undervalued Stocks Seeing Unusually High Volume

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Compiled by Luis Gonzalez: All of the stocks mentioned below have seen unusually high trading volume during today's session. For each stock we'll list the Relative Volume indicator, which expresses today's trading volume as a multiple of the three month daily average.

Additionally, these names are deeply undervalued, when comparing the current price to the average analyst target price (used as a proxy for fair value).

Yes, there are many limitations to this approach of finding undervalued companies, but the goal here is to give a value-oriented investor a starting point for his or her own analysis. Perhaps this disparity between the current price and the target price may be the reason why these names are experiencing such high trading volume.

Analysts seem to think these companies are deeply undervalued, what do you think? Full details below.

Price target data sourced from Finviz.

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1. Access a thorough description of all companies mentioned

2. Compare analyst ratings for all stocks mentioned below

3. Visualize market cap changes for the top stocks mentioned 

 

The list has been sorted by the discount to average analyst target price. 

1. Revlon, Inc. (REV): Personal Products Industry. Market cap of $523.9M. Relative volume at 2.53. Price at time of writing $9.82 vs. target price of $16.0 (discount of 38.63%). Short float at 3.08%, which implies a short ratio of 3.14 days. The stock has lost -37.32% over the last year.

2. ReneSola Ltd. (SOL): Integrated Circuits, Semiconductor Industry. Market cap of $1.01B. Relative volume at 2.16. Price at time of writing $11.66 vs. target price of $17.6 (discount of 33.75%). Short float at 9.61%, which implies a short ratio of 1.18 days. The stock has gained 158.71% over the last year.

3. Hanesbrands Inc. (HBI): Apparel Clothing, Textile Industry. Market cap of $2.19B. Relative volume at 2.53. Price at time of writing $23.80 vs. target price of $35.14 (discount of 32.27%). Short float at 6.68%, which implies a short ratio of 5.48 days. The stock has gained 1.24% over the last year.

4. MGIC Investment Corp. (MTG): Surety & Title Insurance Industry. Market cap of $1.71B. Relative volume at 2.1. Price at time of writing $8.46 vs. target price of $12.45 (discount of 32.05%). Short float at 15.51%, which implies a short ratio of 7.17 days. The stock has gained 28.85% over the last year.

5. Great Basin Gold Ltd. (GBG): Gold Industry. Market cap of $1.11B. Relative volume at 2.01. Price at time of writing $2.66 vs. target price of $3.87 (discount of 31.27%). Short float at 3.16%, which implies a short ratio of 4.6 days. The stock has gained 53.67% over the last year.

6. Keegan Resources Inc. (KGN): Gold Industry. Market cap of $338.4M. Relative volume at 2.12. Price at time of writing $7.55 vs. target price of $10.98 (discount of 31.24%). Short float at 0.05%, which implies a short ratio of 0.29 days. The stock has gained 25.85% over the last year.

7. Hawaiian Holdings Inc. (HA): Regional Airlines Industry. Market cap of $348.8M. Relative volume at 2.8. Price at time of writing $6.69 vs. target price of $9.58 (discount of 30.17%). Short float at 8.75%, which implies a short ratio of 7.66 days. The stock has gained 11.48% over the last year.

8. Allegiant Travel Company (ALGT): Regional Airlines Industry. Market cap of $802.79M. Relative volume at 2.2. Price at time of writing $41.56 vs. target price of $58.0 (discount of 28.34%). Short float at 24.87%, which implies a short ratio of 17.13 days. The stock has lost -18.05% over the last year.

9. Wet Seal Inc. (WTSLA): Apparel Stores Industry. Market cap of $345.38M. Relative volume at 2.79. Price at time of writing $3.60 vs. target price of $4.92 (discount of 26.83%). Short float at 3.34%, which implies a short ratio of 2.46 days. The stock has lost -1.43% over the last year.

10. Navigant Consulting Inc. (NCI): Management Services Industry. Market cap of $480.5M. Relative volume at 2.56. Price at time of writing $9.39 vs. target price of $12.71 (discount of 26.12%). Short float at 2.49%, which implies a short ratio of 3.7 days. The stock has lost -29.29% over the last year.

11. Macy's, Inc. (M): Department Stores Industry. Market cap of $9.32B. Relative volume at 2.44. Price at time of writing $21.82 vs. target price of $28.72 (discount of 24.03%). Short float at 3.71%, which implies a short ratio of 2.01 days. The stock has gained 36.79% over the last year.

12. Alpha Natural Resources, Inc. (ANR): Industrial Metals & Minerals Industry. Market cap of $6.59B. Relative volume at 2.43. Price at time of writing $53.84 vs. target price of $69.82 (discount of 22.89%). Short float at 4.24%, which implies a short ratio of 1.18 days. The stock has gained 27.12% over the last year.

13. Optimer Pharmaceuticals, Inc. (OPTR): Biotechnology Industry. Market cap of $439.26M. Relative volume at 2.66. Price at time of writing $11.95 vs. target price of $15.33 (discount of 22.05%). Short float at 6.32%, which implies a short ratio of 11.74 days. The stock has lost -11.08% over the last year.

14. International Coal Group, Inc. (ICO): Industrial Metals & Minerals Industry. Market cap of $1.9B. Relative volume at 2.42. Price at time of writing $8.75 vs. target price of $11.21 (discount of 21.94%). Short float at 7.78%, which implies a short ratio of 2.74 days. The stock has gained 149.6% over the last year.

15. Live Nation Entertainment, Inc. (LYV): General Entertainment Industry. Market cap of $1.87B. Relative volume at 2.11. Price at time of writing $10.53 vs. target price of $13.3 (discount of 20.83%). Short float at 5.61%, which implies a short ratio of 5.82 days. The stock has lost -9.5% over the last year.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks


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Most Active by Volume

88,066,694
  • $97.19 ▲ 2.61%
58,241,731
  • $71.29 ▲ 2.92%
51,058,864
  • $44.87 ▲ 0.09%
48,927,829
  • $28.75 ▲ 0.81%
46,551,917
    $15.52 unch
40,249,498
  • $3.46 ▼ 0.57%
38,633,031
  • $22.43 ▼ 9.63%
38,240,825
  • $34.71 ▲ 3.30%
As of 7/23/2014, 04:04 PM