Value Stocks Worth Watching – August 8th

Invesco QQQ, BitMine Immersion Technologies, and SoundHound AI are the three Value stocks to watch today, according to MarketBeat’s stock screener tool. Value stocks are shares of companies trading below what investors believe to be their intrinsic worth, often indicated by low price-to-earnings or price-to-book ratios and a relatively high dividend yield. The idea is that the market has overlooked or undervalued these firms—typically mature businesses with stable cash flows and slower growth prospects—and that their stock prices will eventually rise to reflect their true fundamentals. These companies had the highest dollar trading volume of any Value stocks within the last several days.

Invesco QQQ (QQQ)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

NASDAQ:QQQ traded up $5.15 during trading hours on Friday, reaching $574.39. 25,298,085 shares of the company traded hands, compared to its average volume of 44,851,496. The firm’s 50-day moving average is $547.85 and its 200-day moving average is $512.02. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $574.77.

BitMine Immersion Technologies (BMNR)

BitMine Immersion Technologies, Inc. is a financial services company in the Banking industry.

BitMine Immersion Technologies stock traded up $12.71 during midday trading on Friday, reaching $53.99. 74,324,738 shares of the company were exchanged, compared to its average volume of 7,800,909. BitMine Immersion Technologies has a 1 year low of $1.93 and a 1 year high of $161.00. The stock has a market cap of $232.32 million and a PE ratio of -122.70.

SoundHound AI (SOUN)

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.

Shares of SOUN traded up $3.05 on Friday, hitting $13.77. 183,633,681 shares of the stock traded hands, compared to its average volume of 40,188,059. SoundHound AI has a 1 year low of $4.32 and a 1 year high of $24.98. The stock’s 50 day moving average is $10.69 and its two-hundred day moving average is $10.56. The firm has a market capitalization of $5.53 billion, a P/E ratio of -25.06 and a beta of 2.57.