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Tikhon Rozhkov
Tikhon Rozhkov

Buy Panasonic Stock


But the brand is not as well-known to investors. It's not listed on the major stock exchanges. Instead, it's what's called a pink sheet stock that's traded "over-the-counter" (OTC) -- thus the Panasonic (PCRFY 0.45%) ticker looks different than most you might be familiar with. But that doesn't mean it's not worth consideration by investors.




buy panasonic stock



Panasonic is a large-cap stock with a market cap of about $26 billion. It's been around since 1918 and listed American depositary shares (ADSs) on the NYSE from 1971 until 2013. At that time, the company withdrew from the NYSE, saying continued listing wasn't "economically justified, taking into account the fact that the trading volume of Panasonic's ADSs on the NYSE accounts for only a small fraction of the total trading volume of Panasonic's shares." The company also cited similarities between U.S. and Japanese disclosure standards.


Panasonic's stock price has gone through its ups and downs over the years, but the PCRFY ticker has been essentially flat over the past five years. In the 12 months through Feb. 6, the stock had climbed about 17% to $11.39 per share. In its third-quarter earnings report, which includes financial information reported through Dec. 31, 2019, both net profits and earnings per share were up slightly.


The stock's P/E ratio has climbed slightly to about 10.21 over the past 12 months, but it's still a pretty cheap stock. Earnings are heading in the right direction and the restructuring to exit flagging business lines seems like a good move. But, despite the low price, it's probably smart to hold off on pushing the play button until the company shows some sustained momentum through the restructuring.


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Currently, Panasonic stock trades on the OTC markets under the ticker symbol "PCRFY." Securities that trade on OTC markets do so through something called a dealer network. A dealer network is different from central exchanges like the NYSE or Nasdaq.


Since Panasonic is a large-cap corporation (thanks to its $30.06 billion market capitalization as of Jan. 6, 2021), it isn't a small-time OTC company. The stock is more readily available than penny stocks that trade through similar networks.


Robinhood is one of many online brokerages that allows you to trade OTC stocks in addition to securities on the stock market. Since Robinhood is dealing with a network of dealers, it maintains a system of "market makers" to process deals. Individual investors aren't dealing directly with the OTC Markets Group.


As an investor, you may use different methods for various parts of the trading experience. If you are bent on Panasonic stock (or other OTC securities), you can also use a private broker-dealer to handle your trading. However, the more popular alternative is trading through ETFs.


With Panasonic stock proving its capability to ride bearish waves in the early days of 2021 (and rising more than 12 percent at a time when the S&P 500 was only up 0.71 percent), it makes sense for "PCRFY" to be on investors' minds.


The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.


Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.


As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.


Zacks' proprietary data indicates that Panasonic Corp. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the PCRFY shares relative to the market in the next few months. In addition, Panasonic Corp. has a VGM Score of A (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). Valuation metrics show that Panasonic Corp. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of PCRFY, demonstrate its potential to outperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of D.


The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.


The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.


The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher.


The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. The analyzed items go beyond simple trend analysis. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out.


The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. The Zacks database contains over 10,000 stocks. All of those stocks are classified into three groups: Sector, M Industry and X Industry. There are 17 Sectors, 60 different M Industries, and 265 X Industries.


For example, a regional bank would be classified in the Finance Sector. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. This allows the investor to be as broad or as specific as they want to be when selecting stocks.


The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal.


Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment.


Enterprise Value / Earnings Before Interest, Taxes, Depreciation and Amortization is a valuation metric used to measure a company's value and is helpful in comparing one stock to another.


Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.


The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) In short, this is how much a company is worth. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value.


A P/B of 1 means it's selling at its per share book value. A P/B of 2 means it's selling at 2 times its book value. A P/B of 0.5 means its selling at half its book value. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. The median P/B ratio for stocks in the S&P is just over 3. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. 041b061a72


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