The stock market has witnessed a whole year of turmoil that has resulted in increased interest around value stocks which offer investors a safety cushion in an era of soaring valuations and social media speculation around growth stocks. A few good indicators for highlighting undervalued stocks are low share prices, a decent price-to-earning ratio, and a high percentage of growth in the earnings-per-share value. While some say growth titans like Tesla Inc and Coinbase Global Inc are overvalued, famous investors like Cathie Wood and Chamath Palihapitiya vehemently believe that companies with strong products have a lot of room to run. Coinbase Global Inc, which recently went public and has a market cap of $60 billion, is also raising some valuation concerns. SLM Corporation, a banking company in Delaware, has also outshone peers with the share price rising by 14% in the past four weeks. FirstEnergy Corp., an electric utility headquartered in Ohio, has performed remarkably well considering it is fighting not only the pandemic but also a court case related to bribery.
Insider Monkey gives a list of the 10 best-undervalued stocks to buy now. The stocks have been ranked mostly keeping in mind their price-to-earnings ratio and the percentage gain in their earning per share values over the past few months. New York Community Bancorp, Inc.’s investment advisory said the upgrade was related to a recent announcement made by the banking firm to acquire Michigan-based Flagstar Bank as part of an effort to diversify operations. KeyCorp is a Cleveland-based banking company. KeyCorp announced on April 20 that its earnings-per-share of 61 cents had beaten estimates by 13 cents in the first three months of 2021, and were well ahead of the 12 cents posted in the first quarter last year. Kinross Gold Corporation is a Canada-based gold and silver mining firm. The company is often called one of the top ten gold mining firms in the world. Gold Fields Limited is a South Africa-based gold mining firm. In February, Gold Fields Limited announced that South African authorities had granted the firm permission to build a solar power plant for mining operations in the country. eBay Inc. is a San Jose-based e-commerce firm. In July 2020, the company announced that it would sell a classified advertisements business to Norwegian firm Adventitia for more than $2.5 billion to acquire a stake in the company in return. For more details, please click 10 Best Undervalued Stocks to Buy Now.
