Seeking Alpha
Value, growth, long-term horizon, medium-term horizon
Profile| Send Message|
( followers)  

The following is a list of stocks in rally mode, i.e. trading above the 20-day. 50-day and 200-day moving averages. All of these stocks remain undervalued, when comparing the current price to the projected analyst target price (used as a proxy for fair value).

Yes, there are many limitations to using the target price to find undervalued companies, but the goal here is to give value-oriented momentum investors a starting point for their own analysis.

To create the list, we started with a universe of about 140 stocks in rally mode. We collected data on price targets, and sorted the list by discount to the average analyst target price.

All data sourced from Finviz.

Interactive Chart: Press Play to compare changes in market cap for the top six names mentioned below. Note: The numbers on top of items represent the forward P/E ratio, if available.

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

1. Newcastle Investment Corp. (NCT): REIT. Market cap of $413.05M. The stock is currently 10.4% above its 20-day MA, 25.88% above its 50-day MA, and 90.09% above its 200-day MA. Current price at $7.07 vs. target price at $10.00 (implies a discount of 29.3%). Short float at 3.88%, which implies a short ratio of 3.27 days. The stock has gained 204.11% over the last year.

2. Cedar Fair LP (FUN): General Entertainment Industry. Market cap of $943.93M. The stock is currently 9.33% above its 20-day MA, 12.02% above its 50-day MA, and 24.33% above its 200-day MA. Current price at $16.70 vs. target price at $20.14 (implies a discount of 17.08%). Short float at 0.58%, which implies a short ratio of 2.28 days. The stock has gained 47.07% over the last year.

3. Headwaters Inc. (HW): Conglomerates Industry. Market cap of $316.97M. The stock is currently 9.19% above its 20-day MA, 23.39% above its 50-day MA, and 32.65% above its 200-day MA. Current price at $5.24 vs. target price at $6.25 (implies a discount of 16.16%). Short float at 5.87%, which implies a short ratio of 6.97 days. The stock has lost -20.73% over the last year.

4. DepoMed Inc. (DEPO): Drug Manufacturer. Market cap of $356.06M. The stock is currently 10.12% above its 20-day MA, 19.62% above its 50-day MA, and 62.32% above its 200-day MA. Current price at $6.74 vs. target price at $8. (implies a discount of 15.75%). Short float at 5.65%, which implies a short ratio of 5.06 days. The stock has gained 118.45% over the last year.

5. Chelsea Therapeutics International Ltd. (CHTP): Biotechnology Industry. Market cap of $385.67M. The stock is currently 10.68% above its 20-day MA, 30.36% above its 50-day MA, and 75.12% above its 200-day MA. Current price at $7.7 vs. target price at $9.10 (implies a discount of 15.38%). Short float at 7.64%, which implies a short ratio of 5.23 days. The stock has gained 164.31% over the last year.

6. Ivanhoe Energy Inc. (IVAN): Independent Oil & Gas Industry. Market cap of $975.95M. The stock is currently 12.49% above its 20-day MA, 20.54% above its 50-day MA, and 30.58% above its 200-day MA. Current price at $3.01 vs. target price at $3.43 (implies a discount of 12.24%). Short float at 1.04%, which implies a short ratio of 2.51 days. The stock has lost -9.88% over the last year.

7. Oxford Industries Inc. (OXM): Apparel Clothing Industry. Market cap of $429.58M. The stock is currently 9.36% above its 20-day MA, 11.79% above its 50-day MA, and 21.02% above its 200-day MA. Current price at $27.52 vs. target price at $31.33 (implies a discount of 12.16%). Short float at 9.72%, which implies a short ratio of 7.35 days. The stock has gained 22.73% over the last year.

8. Ardea Biosciences, Inc. (RDEA): Drug Manufacturer. Market cap of $605.03M. The stock is currently 10.51% above its 20-day MA, 18.98% above its 50-day MA, and 24.79% above its 200-day MA. Current price at $28.27 vs. target price at $31.33 (implies a discount of 9.77%). Short float at 11.47%, which implies a short ratio of 36.45 days. The stock has gained 86.89% over the last year.

9. Quantum Corp. (QTM): Data Storage Devices Industry. Market cap of $963.56M. The stock is currently 9.2% above its 20-day MA, 14.25% above its 50-day MA, and 64.11% above its 200-day MA. Current price at $4.28 vs. target price at $4.73 (implies a discount of 9.51%). Short float at 5.72%, which implies a short ratio of 2.88 days. The stock has gained 50.87% over the last year.

10. Lexicon Pharmaceuticals, Inc. (LXRX): Biotechnology Industry. Market cap of $742.65M. The stock is currently 22.26% above its 20-day MA, 27.05% above its 50-day MA, and 30.9% above its 200-day MA. Current price at $2.04 vs. target price at $2.25 (implies a discount of 9.33%). Short float at 2.34%, which implies a short ratio of 6.67 days. The stock has gained 18.28% over the last year.

11. Protalix BioTherapeutics, Inc. (PLX): Biotechnology Industry. Market cap of $849.46M. The stock is currently 13.8% above its 20-day MA, 11.13% above its 50-day MA, and 37.84% above its 200-day MA. Current price at $10.33 vs. target price at $11.39 (implies a discount of 9.31%). Short float at 11.31%, which implies a short ratio of 12.88 days. The stock has gained 35.14% over the last year.

12. CIBER, Inc. (CBR): Information Technology Services Industry. Market cap of $353.14M. The stock is currently 11.77% above its 20-day MA, 27.57% above its 50-day MA, and 44.87% above its 200-day MA. Current price at $5.00 vs. target price at $5.50 (implies a discount of 9.09%). Short float at 3.21%, which implies a short ratio of 4.92 days. The stock has gained 47.09% over the last year.

13. MGIC Investment Corp. (MTG): Surety & Title Insurance Industry. Market cap of $2.27B. The stock is currently 13.28% above its 20-day MA, 23.5% above its 50-day MA, and 27.01% above its 200-day MA. Current price at $11.5 vs. target price at $12.51 (implies a discount of 8.07%). Short float at 15.26%, which implies a short ratio of 7.29 days. The stock has gained 80.38% over the last year.

14. GT Solar International, Inc. (SOLR): Semiconductor Industry. Market cap of $1.5B. The stock is currently 16.65% above its 20-day MA, 24.57% above its 50-day MA, and 48.98% above its 200-day MA. Current price at $10.62 vs. target price at $11.52 (implies a discount of 7.81%). Short float at 7.82%, which implies a short ratio of 3.44 days. The stock has gained 70.38% over the last year.

15. Intercontinental Hotels Group plc (IHG): Lodging Industry. Market cap of $5.9B. The stock is currently 10.08% above its 20-day MA, 13.08% above its 50-day MA, and 27.64% above its 200-day MA. Current price at $20.70 vs. target price at $22.4 (implies a discount of 7.59%). Short float at 0.68%, which implies a short ratio of 8.18 days. The stock has gained 59.7% over the last year.

Source: Top 15 Most Undervalued Rally Stocks