US Stocks That May Be Trading Below Estimated Value In November 2024

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As the U.S. stock market continues to experience a mix of optimism and caution, with major indexes hitting record highs following recent political and economic developments, investors are keenly observing potential opportunities for growth. In this environment, identifying stocks that may be trading below their estimated value can offer strategic entry points for those looking to capitalize on market fluctuations.

Top 10 Undervalued Stocks Based On Cash Flows In The United States

Name

Current Price

Fair Value (Est)

Discount (Est)

First National (NasdaqCM:FXNC)

$22.50

$44.83

49.8%

First Solar (NasdaqGS:FSLR)

$196.70

$390.06

49.6%

Business First Bancshares (NasdaqGS:BFST)

$28.23

$55.45

49.1%

Power Solutions International (OTCPK:PSIX)

$26.00

$51.23

49.2%

West Bancorporation (NasdaqGS:WTBA)

$23.49

$46.79

49.8%

Ligand Pharmaceuticals (NasdaqGM:LGND)

$129.90

$258.67

49.8%

DoubleVerify Holdings (NYSE:DV)

$19.72

$39.40

49.9%

Alnylam Pharmaceuticals (NasdaqGS:ALNY)

$272.22

$544.40

50%

Carter Bankshares (NasdaqGS:CARE)

$19.37

$38.28

49.4%

Mobileye Global (NasdaqGS:MBLY)

$16.51

$31.97

48.4%

Click here to see the full list of 195 stocks from our Undervalued US Stocks Based On Cash Flows screener.

Let's review some notable picks from our screened stocks.

Okta

Overview: Okta, Inc. operates as an identity partner both in the United States and internationally, with a market cap of approximately $13.01 billion.

Operations: Okta generates revenue primarily from its Internet Software & Services segment, which accounted for $2.45 billion.

Estimated Discount To Fair Value: 44%

Okta is trading at US$77.18, significantly below its estimated fair value of US$137.72, suggesting potential undervaluation based on cash flows. Despite revenue growth forecasts of 10.6% annually being slower than 20%, earnings are expected to grow at a robust rate of nearly 49% per year, with profitability anticipated within three years. Recent strategic integrations with Zscaler enhance Okta's security offerings, potentially supporting future growth and reinforcing its position in the identity management sector.

NasdaqGS:OKTA Discounted Cash Flow as at Nov 2024
NasdaqGS:OKTA Discounted Cash Flow as at Nov 2024

Roku

Overview: Roku, Inc. operates a TV streaming platform both in the United States and internationally, with a market cap of approximately $10.49 billion.

Operations: The company's revenue segments consist of $579.97 million from Devices and $3.32 billion from its Platform operations.

Estimated Discount To Fair Value: 43.9%

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