The Meaning Behind Value Stocks
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.
The following stocks are considered to be notable value stocks in the healthcare sector:
- Kiora Pharmaceuticals KPRX - P/E: 0.76
- Viatris VTRS - P/E: 8.96
- InMode INMD - P/E: 9.28
- Solid Biosciences SLDB - P/E: 0.14
- Exicure XCUR - P/E: 0.34
Kiora Pharmaceuticals has reported Q3 earnings per share at $-0.89, which has decreased by 12.66% compared to Q2, which was -0.79. This quarter, Viatris experienced an increase in earnings per share, which was $0.75 in Q2 and is now $0.79. Most recently, the company reported a dividend yield of 5.18%, which has increased by 0.59% from last quarter's yield of 4.59%.
Most recently, InMode reported earnings per share at $0.71, whereas in Q3 earnings per share sat at $0.61. This quarter, Solid Biosciences experienced an increase in earnings per share, which was $-1.25 in Q2 and is now $-1.05. Exicure saw an increase in earnings per share from -0.7 in Q1 to $-0.68 now.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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