Overview Of Value Stocks In The Technology Sector
Portfolio Pulse from Benzinga Insights
Benzinga Insights has identified five value stocks in the technology sector based on their low P/E ratios, suggesting they may be undervalued. The stocks are Wag Group (PET) with a P/E of 1.37, HP (HPQ) with a P/E of 9.28, Optical Cable (OCC) with a P/E of 4.88, Movella Holdings (MVLA) with a P/E of 0.11, and Adeia (ADEA) with a P/E of 9.77. The article provides recent earnings per share (EPS) data and dividend yield information for these companies, indicating their financial performance and shareholder returns.
December 19, 2023 | 2:44 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Adeia (ADEA) has a P/E of 9.77 with an increase in Q3 EPS and a decreased dividend yield to 1.73%.
The increase in EPS is positive, but the decreased dividend yield might offset investor enthusiasm, leading to a neutral short-term impact on ADEA's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Optical Cable (OCC) has a P/E of 4.88 with a slight decrease in EPS from Q2 to Q3, but a stable dividend yield of 2.45%.
The decrease in EPS may concern investors, but the stable dividend yield and low P/E could balance the short-term impact on OCC's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
HP (HPQ) has a P/E of 9.28 with stable EPS growth from Q3 to Q4 and an increased dividend yield to 4.03%.
Stable EPS growth and an increased dividend yield are positive indicators for investors, potentially leading to a short-term price increase for HPQ.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Movella Holdings (MVLA) appears undervalued with a P/E of 0.11 and unchanged EPS from the last quarter.
The extremely low P/E ratio suggests significant undervaluation, which could lead to increased investor interest and a potential short-term price rise for MVLA.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wag Group (PET) has a low P/E of 1.37, indicating potential undervaluation. Q3 EPS improved to $-0.06 from Q2's $-0.1.
The low P/E ratio and improved EPS suggest that PET may be undervalued, which could attract investor interest and drive the stock price up in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80