5 Value Stocks In The Technology Sector
Portfolio Pulse from Benzinga Insights
The article lists five value stocks in the technology sector based on low P/E multiples, indicating potential undervaluation. Daktronics (DAKT), CXApp (CXAI), Vishay Intertechnology (VSH), JinkoSolar Holding Co (JKS), and FiscalNote Holdings (NOTE) are highlighted with their current P/E ratios and recent earnings per share (EPS) performance. Daktronics and Vishay Intertechnology reported increased dividend yields, while CXApp showed a significant EPS improvement from negative to positive. JinkoSolar and FiscalNote Holdings experienced a decrease in EPS.
January 02, 2024 | 2:40 pm
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NEGATIVE IMPACT
JinkoSolar Holding Co has a P/E of 3.61 with a decrease in EPS from $3.52 in Q2 to $3.31 currently.
The low P/E ratio indicates undervaluation, but the recent decrease in EPS could lead to negative sentiment in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
Daktronics has a low P/E of 8.4 and reported a slight increase in dividend yield to 3.4%, despite a decrease in EPS from Q1 to the current $0.27.
The low P/E ratio and increased dividend yield suggest undervaluation, but the decrease in EPS could temper short-term price movement.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Vishay Intertechnology, with a P/E of 9.74, saw a slight decrease in EPS but an increase in dividend yield to 1.78%.
The increased dividend yield is positive, but the decrease in EPS might limit the short-term stock price appreciation.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
CXApp has an extremely low P/E of 0.45 and showed a remarkable improvement in EPS from -$1.05 in Q2 to $0.13 in Q3.
The significant improvement in EPS and low P/E ratio could attract investors' attention, potentially driving up the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
FiscalNote Holdings has a P/E of 3.26 with an improvement in EPS from -$0.23 in Q2 to -$0.11 in Q3.
The improvement in EPS and low P/E ratio may indicate a turnaround, which could positively influence the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 85