Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 1
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Stock Market»3 US Stocks Estimated To Be Undervalued In October 2024
    Stock Market

    3 US Stocks Estimated To Be Undervalued In October 2024

    October 24, 20244 Mins Read


    As of October 2024, the U.S. stock market has experienced notable volatility, with major indexes such as the Nasdaq Composite seeing a decline after a recent winning streak, largely due to a downturn in technology stocks and rising Treasury yields. In this fluctuating environment, identifying undervalued stocks can present unique opportunities for investors seeking to capitalize on potential market inefficiencies.

    Name

    Current Price

    Fair Value (Est)

    Discount (Est)

    Western Alliance Bancorporation (NYSE:WAL)

    $82.34

    $163.41

    49.6%

    MidWestOne Financial Group (NasdaqGS:MOFG)

    $29.22

    $57.08

    48.8%

    Associated Banc-Corp (NYSE:ASB)

    $22.46

    $43.59

    48.5%

    California Resources (NYSE:CRC)

    $52.58

    $104.07

    49.5%

    Atlanticus Holdings (NasdaqGS:ATLC)

    $37.01

    $72.49

    48.9%

    Tompkins Financial (NYSEAM:TMP)

    $61.99

    $121.48

    49%

    Vitesse Energy (NYSE:VTS)

    $24.86

    $49.17

    49.4%

    AeroVironment (NasdaqGS:AVAV)

    $214.68

    $419.09

    48.8%

    Bowhead Specialty Holdings (NYSE:BOW)

    $29.49

    $57.38

    48.6%

    Reddit (NYSE:RDDT)

    $77.68

    $153.90

    49.5%

    Click here to see the full list of 190 stocks from our Undervalued US Stocks Based On Cash Flows screener.

    Let’s dive into some prime choices out of the screener.

    Overview: Li Auto Inc. operates in the energy vehicle market in the People’s Republic of China and has a market cap of approximately $26.02 billion.

    Operations: The company generates revenue primarily from its auto manufacturing segment, which amounts to CN¥133.72 billion.

    Estimated Discount To Fair Value: 22.7%

    Li Auto is trading at US$27.07, approximately 22.7% below its estimated fair value of US$35.01, suggesting it may be undervalued based on discounted cash flow analysis. The company reported robust vehicle delivery growth in recent months, with a notable increase in deliveries year over year for September 2024. Despite high earnings growth forecasted at 23.24% annually, the stock has experienced significant price volatility recently.

    NasdaqGS:LI Discounted Cash Flow as at Oct 2024
    NasdaqGS:LI Discounted Cash Flow as at Oct 2024

    Overview: SharkNinja, Inc. is a product design and technology company that provides various consumer solutions globally, with a market cap of approximately $15.32 billion.

    Operations: The company operates in the Appliance & Tool segment, generating $4.76 billion in revenue.

    Estimated Discount To Fair Value: 28.1%

    SharkNinja’s current trading price of US$109.53 is significantly below its estimated fair value of US$152.25, indicating potential undervaluation based on cash flows. The company’s earnings are projected to grow at 26.1% annually, outpacing the broader U.S. market growth expectations. Recent product innovations, such as the Shark FlexFusion and PowerDetect technologies, highlight SharkNinja’s commitment to enhancing consumer experiences and could support future revenue expansion beyond the forecasted 11% annual growth rate.

    NYSE:SN Discounted Cash Flow as at Oct 2024
    NYSE:SN Discounted Cash Flow as at Oct 2024

    Overview: TransUnion is a global consumer credit reporting agency that offers risk and information solutions, with a market cap of $20.55 billion.

    Operations: TransUnion’s revenue is derived from three main segments: U.S. Markets ($2.39 billion), International ($0.90 billion), and Consumer Interactive ($1.58 billion).

    Estimated Discount To Fair Value: 37.6%

    TransUnion’s current price of US$108.67 is well below its estimated fair value of US$174.12, suggesting it may be undervalued based on cash flows. The company’s earnings have turned profitable this year and are projected to grow significantly at 33.1% annually over the next three years, surpassing market expectations. Despite this, revenue growth is anticipated to lag behind the broader U.S. market rate, and interest coverage remains a concern due to insufficient earnings relative to interest obligations.

    NYSE:TRU Discounted Cash Flow as at Oct 2024
    NYSE:TRU Discounted Cash Flow as at Oct 2024

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include NasdaqGS:LI NYSE:SN and NYSE:TRU.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleSatoshi’s Bitcoin Vision to Be Realized by 2030 – Details from CryptoQuant CEO
    Next Article Does this news mean the London Stock Exchange Group share price is cheap?

    Related Posts

    Stock Market

    AstraZeneca boss mulls New York listing in fresh blow for City: Exodus risks transforming London into a ‘global backwater’

    July 1, 2025
    Stock Market

    Astrazeneca chief ‘wants to shift London listing to US’

    July 1, 2025
    Stock Market

    Dow, S&P 500, Nasdaq slip after record run as Tesla sinks with Trump tax bill in focus

    July 1, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Property

    China reassures security of Japanese nationals, reaffirming safe business environment – World

    February 24, 2025
    Bitcoin

    Bitcoin Whales Accumulated $22.8 Billion in BTC Despite Market Drop

    August 7, 2024
    Utilities

    Colorado Springs Utilities to present 5-year rate increases

    August 21, 2024
    What's Hot

    Scaramucci réagit à un autre milliardaire Bitcoin

    June 15, 2025

    Le Basel Social Club transforme la finance en art

    June 16, 2025

    London Stock Exchange news & latest pictures from ibtimes.co.uk

    May 31, 2025
    Most Popular

    Graphique: Bitcoin s’affiche sur la base de coûts de la stratégie (MSTR)

    March 21, 2025

    Power Finance Corp share price Today Live Updates : Power Finance Corp Stock Rises as Market Shows Confidence

    July 22, 2024

    Asia shares look for relief rally after rout

    August 5, 2024
    Editor's Picks

    Bitcoin Whales a acheté 11 milliards de dollars de BTC en deux semaines à mesure que la confiance grandissait, dit Glassnode

    March 30, 2025

    The impact of Trump on the UK property market

    June 16, 2025

    nouveau record absolu au-delà des 190E

    February 24, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.