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

The following is a list of Wednesday's high volume gainers. Additionally, all of the stocks mentioned below 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 momentum investor a starting point for his or her own analysis.

For each company we'll also list the Relative Volume indicator, which expresses today's trading volume as a multiple of the three month average volume.

Relative volume and price target data sourced from Finviz.

The list has been sorted by discount to average analyst target price. (Note: All data sourced around mid-day. End of day performance may not be reflected in this article)

1. Oppenheimer Holdings Inc. (NYSE:OPY): Investment Brokerage. Market cap of $415.44M. Relative volume at 2.21, while the stock is up by 1.66%. Price at time of writing $31.76 vs. target price of $49.0 (discount of 35.18%). Short float at 3.45%, which implies a short ratio of 11.05 days. The stock has gained 27.88% over the last year.

2. Republic Bancorp Inc. (NASDAQ:RBCAA): Regional Bank. Market cap of $353.26M. Relative volume at 2.03, while the stock is up by 0.8%. Price at time of writing $17.0 vs. target price of $26.0 (discount of 34.62%). Short float at 6.24%, which implies a short ratio of 13.75 days. The stock has gained 2.06% over the last year.

3. Internet Gold Golden Lines Ltd. (NASDAQ:IGLD): Diversified Communication Services Industry. Market cap of $547.59M. Relative volume at 2.34, while the stock is up by 0.97%. Price at time of writing $28.9 vs. target price of $44.09 (discount of 34.45%). Short float at 0.51%, which implies a short ratio of 3.94 days. The stock has gained 14.25% over the last year.

4. Kinross Gold Corporation (NYSE:KGC): Gold Industry. Market cap of $17.62B. Relative volume at 2.24, while the stock is up by 1.46%. Price at time of writing $15.8 vs. target price of $23.7 (discount of 33.33%). Short float at 0.54%, which implies a short ratio of 0.95 days. The stock has lost -11.5% over the last year.

5. ReneSola Ltd. (NYSE:SOL): Semiconductor Industry. Market cap of $1.02B. Relative volume at 2.38, while the stock is up by 1.62%. Price at time of writing $11.95 vs. target price of $16.82 (discount of 28.95%). Short float at 12.21%, which implies a short ratio of 1.63 days. The stock has gained 126.15% over the last year.

6. Entercom Communications Corp. (NYSE:ETM): Radio Industry. Market cap of $464.33M. Relative volume at 1.69, while the stock is up by 0.66%. Price at time of writing $12.26 vs. target price of $17.0 (discount of 27.88%). Short float at 10.08%, which implies a short ratio of 13.49 days. The stock has gained 37.85% over the last year.

7. Cowen Group, Inc. (NASDAQ:COWN): Investment Brokerage Industry. Market cap of $324.44M. Relative volume at 4.26, while the stock is up by 1.16%. Price at time of writing $4.35 vs. target price of $5.95 (discount of 26.89%). Short float at 2.71%, which implies a short ratio of 10.5 days. The stock has lost -15.02% over the last year.

8. Standard Microsystems Corp. (NASDAQ:SMSC): Semiconductor Industry. Market cap of $534.93M. Relative volume at 6.83, while the stock is up by 3.23%. Price at time of writing $24.16 vs. target price of $32.67 (discount of 26.05%). Short float at 5.22%, which implies a short ratio of 7.03 days. The stock has gained 17.95% over the last year.

9. K-Swiss Inc. (NASDAQ:KSWS): Apparel Footwear & Accessories Industry. Market cap of $325.8M. Relative volume at 1.86, while the stock is up by 1.73%. Price at time of writing $9.34 vs. target price of $12.5 (discount of 25.28%). Short float at 7.33%, which implies a short ratio of 17.92 days. The stock has lost -5.23% over the last year.

10. Parker Drilling Co. (NYSE:PKD): Oil & Gas Drilling & Exploration Industry. Market cap of $549.72M. Relative volume at 2.21, while the stock is up by 3.59%. Price at time of writing $4.88 vs. target price of $6.5 (discount of 24.92%). Short float at 4.44%, which implies a short ratio of 6.02 days. The stock has lost -6.71% over the last year.

11. Rex Energy Corporation (NASDAQ:REXX): Oil & Gas Drilling & Exploration Industry. Market cap of $501.74M. Relative volume at 2.85, while the stock is up by 3.84%. Price at time of writing $11.92 vs. target price of $15.71 (discount of 24.12%). Short float at 19.29%, which implies a short ratio of 11.51 days. The stock has lost -17.03% over the last year.

12. KT Corp. (NYSE:KT): Telecom Services Industry. Market cap of $10.28B. Relative volume at 2.45, while the stock is up by 1.73%. Price at time of writing $20.09 vs. target price of $26.36 (discount of 23.79%). Short float at 0.09%, which implies a short ratio of 0.41 days. The stock has gained 0.36% over the last year.

13. Orthofix International NV (NASDAQ:OFIX): Medical Appliances & Equipment Industry. Market cap of $544.67M. Relative volume at 1.95, while the stock is up by 0.62%. Price at time of writing $30.91 vs. target price of $40.5 (discount of 23.68%). Short float at 3.1%, which implies a short ratio of 4.13 days. The stock has lost -10.49% over the last year.

14. Goldcorp Inc. (NYSE:GG): Gold Industry. Market cap of $36.09B. Relative volume at 1.74, while the stock is up by 2.52%. Price at time of writing $46.14 vs. target price of $60.45 (discount of 23.67%). Short float at 0.54%, which implies a short ratio of 0.62 days. The stock has gained 24.58% over the last year.

15. Mountain Province Diamonds Inc. (NYSEMKT:MDM): Nonmetallic Mineral Mining Industry. Market cap of $405.68M. Relative volume at 3.7, while the stock is up by 0.76%. Price at time of writing $5.3 vs. target price of $6.91 (discount of 23.3%). Short float at 0.38%, which implies a short ratio of 5.92 days. The stock has gained 159.41% over the last year.

16. Teck Resources Limited (NYSE:TCK): Industrial Metals & Minerals Industry. Market cap of $31.02B. Relative volume at 1.59, while the stock is up by 1.54%. Price at time of writing $53.39 vs. target price of $67.51 (discount of 20.92%). Short float at 0.54%, which implies a short ratio of 0.84 days. The stock has gained 45.7% over the last year.

17. Wyndham Worldwide Corporation (NYSE:WYN): Lodging Industry. Market cap of $5.38B. Relative volume at 2.19, while the stock is up by 1.43%. Price at time of writing $31.12 vs. target price of $39.1 (discount of 20.41%). Short float at 3.91%, which implies a short ratio of 2.97 days. The stock has gained 38.54% over the last year.

18. Pinnacle Entertainment Inc. (NYSE:PNK): Gaming Activities Industry. Market cap of $808.29M. Relative volume at 2.05, while the stock is up by 2.2%. Price at time of writing $13.43 vs. target price of $16.64 (discount of 19.29%). Short float at 10.51%, which implies a short ratio of 11.06 days. The stock has gained 81.77% over the last year.

19. Newmont Mining Corp. (NYSE:NEM): Gold Industry. Market cap of $31.53B. Relative volume at 1.68, while the stock is up by 3.22%. Price at time of writing $59.96 vs. target price of $74.12 (discount of 19.1%). Short float at 2.44%, which implies a short ratio of 1.82 days. The stock has gained 25.94% over the last year.

20. Coeur d`Alene Mines Corporation (NYSE:CDE): Silver Industry. Market cap of $2.36B. Relative volume at 1.51, while the stock is up by 4.55%. Price at time of writing $27.36 vs. target price of $33.71 (discount of 18.84%). Short float at 7.67%, which implies a short ratio of 2.95 days. The stock has gained 89.18% over the last year.

Source: Wednesday's Most Undervalued High Volume Gainers