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What are Value Stocks?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
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Below is a list of notable value stocks in the healthcare sector:
- Talkspace (NASDAQ:TALK) - P/E: 0.89
- Innoviva (NASDAQ:INVA) - P/E: 9.06
- Celularity (NASDAQ:CELU) - P/E: 9.78
- Novartis (NYSE:NVS) - P/E: 7.91
- Senseonics Holdings (AMEX:SENS) - P/E: 5.13
Talkspace saw a decrease in earnings per share from -0.13 in Q1 to $-0.15 now. Innoviva saw a decrease in earnings per share from 0.39 in Q1 to $0.05 now. Most recently, Celularity reported earnings per share at $-0.26, whereas in Q1 earnings per share sat at $-0.48. Most recently, Novartis reported earnings per share at $1.56, whereas in Q1 earnings per share sat at $1.46. Its most recent dividend yield is at 2.54%, which has increased by 0.3% from 2.24% in the previous quarter.
Senseonics Holdings has been featured as a value stock. Senseonics Holdings's Q2 EPS sits at $-0.03, which has not changed since last quarter (Q1).
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.