Value Stocks To Follow Now – March 4th

ProShares UltraPro Short QQQ, iShares Bitcoin Trust, and Intel are the three Value stocks to watch today, according to MarketBeat’s stock screener tool. Value stocks are shares of companies that are believed to be trading for less than their true worth based on fundamental metrics like earnings, dividends, or book value. Investors often pursue these stocks because they perceive them as undervalued bargains that have a potential for price appreciation when the market corrects the undervaluation. These companies had the highest dollar trading volume of any Value stocks within the last several days.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

Shares of NASDAQ:SQQQ traded down $0.68 during mid-day trading on Tuesday, reaching $32.75. 100,350,036 shares of the company traded hands, compared to its average volume of 60,160,574. The company’s 50 day moving average price is $29.28 and its 200-day moving average price is $33.84. ProShares UltraPro Short QQQ has a 52 week low of $26.21 and a 52 week high of $64.95.

iShares Bitcoin Trust (IBIT)

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.

NASDAQ:IBIT traded up $1.19 during trading hours on Tuesday, hitting $50.09. 57,609,441 shares of the stock traded hands, compared to its average volume of 47,216,523. The stock has a 50 day moving average price of $55.17 and a 200 day moving average price of $46.93. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

Intel (INTC)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

Shares of INTC traded down $0.92 during trading hours on Tuesday, reaching $21.82. 113,236,650 shares of the stock traded hands, compared to its average volume of 98,377,938. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $21.26 and its two-hundred day moving average price is $21.82. The company has a market cap of $94.47 billion, a P/E ratio of -4.98 and a beta of 1.02. Intel has a 52-week low of $18.51 and a 52-week high of $46.63.