Value Stocks to Research - March 8th

As of March 8th, there are five value stocks that investors should pay attention to. These stocks include JPMorgan Chase & Co., ProShares UltraPro Short QQQ, iShares Bitcoin Trust, Marvell Technology, and Merck & Co., Inc. Value stocks are shares in companies that are priced lower than their perceived intrinsic value, typically assessed through metrics like earnings, dividends, or book value. Investors often see these stocks as undervalued, believing they will provide substantial returns once their true worth is acknowledged. Recently, these companies recorded the highest trading volumes among value stocks.

JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. is a financial services company that offers a wide range of investment banking services. These services include corporate strategy advisement, capital raising in equity and debt markets, risk management, and market making for cash and derivative instruments.

On Friday, JPM shares fell by $4.13, closing at $242.41. Trading volume was high at 20,494,208 shares, significantly more than the average volume of 8,698,339. The company has a market capitalization of $677.81 billion, a P/E ratio of 12.28, and a beta of 1.10. The 50-day and 200-day moving averages are $259.41 and $238.26, respectively, with a 52-week range of $179.20 to $280.25.

ProShares UltraPro Short QQQ (SQQQ)

The ProShares UltraPro Short QQQ is designed to achieve daily investment results that correspond to three times the inverse of the daily performance of the NASDAQ-100 Index. This index includes various large non-financial companies listed on the NASDAQ.

On Friday, SQQQ shares declined by $0.70, settling at $34.47. The trading volume was notably high at 103,077,404 shares, surpassing the average of 63,436,301. The stock hit a 12-month low of $26.21 and a high of $64.95 in the past year, while its 50-day and 200-day moving averages are $29.63 and $33.78, respectively.

iShares Bitcoin Trust (IBIT)

The iShares Bitcoin Trust is an exchange-traded fund (ETF) focused primarily on Bitcoin, aiming to track its spot price. This passively managed fund was launched on January 5, 2024, and is issued by BlackRock.

IBIT shares fell $1.21 last Friday to $49.43. The stock's trading volume reached 59,029,161 shares, exceeding its average of 47,988,785. Over the past year, shares have seen a low of $28.23 and a high of $61.75, with 50-day and 200-day moving averages at $54.78 and $47.20, respectively.

Marvell Technology (MRVL)

Marvell Technology, Inc. specializes in data infrastructure semiconductor solutions, covering everything from data center cores to network edges. The company is known for developing complex System-on-a-Chip architectures.

During trading last Friday, MRVL shares fell by $1.44 to $70.84, with a high trading volume of 38,787,463 shares, much higher than its average of 12,789,017. The stock has a market cap of $61.30 billion, a P/E ratio of -41.67, and a beta of 1.40. Its 52-week range spans from $53.19 to $127.48, with moving averages of $109.13 (50-day) and $93.67 (200-day).

Merck & Co., Inc. (MRK)

Merck & Co., Inc. is a healthcare company that provides various health solutions, including prescription medicines, vaccines, and consumer care products. Its operations are categorized into Pharmaceutical, Animal Health, and Other segments.

Last Friday, MRK shares rose by $0.71, reaching $94.71. The trading volume was 24,097,509 shares, far exceeding its average of 10,020,857. The company has a market cap of $239.25 billion and a P/E ratio of 14.07, with a range of $81.04 to $134.63 over the last year. Its moving averages stand at $94.03 (50-day) and $102.74 (200-day).

Value, Stocks, Market, Investing, Finance