What are some of the undervalue stocks at the moment?

ECOR and ARDX way under valued right now. Im surprised no one is talking about ARDX specially after last week.

 

This stock was halted today pending an FDA advisory board recommendation.
Kidney drug.
It's $1.23 on the ask and I think it comes off the halt at 5PM EST.
They got the nod.
If it doesn't open until tomorrow, might be worth a look pre-market.

ARDX

Nov 16 (Reuters) - A panel of advisers to the U.S. Food and Drug Administration on Wednesday recommended the approval of Ardelyx Inc's(ARDX) drug for chronic kidney disease patients on dialysis.
The panel voted in favor of the drug both as a single therapy for treating high phosphate levels in the blood of chronic kidney disease patients on dialysis as well as alongside existing treatment. (Reporting by Khushi Mandowara and Leroy Leo; Editing by Krishna Chandra Eluri)

 

It just opened at 7PM. $1.90
About 500K shares have traded. Everyone has gone home.
$2 on the ask.
Buy at your own risk, but I think it goes higher tomorrow.
It was $8 in 2021.

*note: This is not a final approval. It still has to complete Phase 3.
If approved, Piper Sandler sees $800 million in sales potential within five years of launch for Ardelyx. Total revenue to date for the company is only about $8M for perspective.

Here's a Seeking Alpha article from last month.
https://seekingalpha.com/article/45...growth-must-strengthen-its-financial-position

$2.12 on the ask now.

 

$2.80 now.
100%+ good enough for ya'll?

 

%%\
EXACTLY\ so called value stocks tend to underperform i prefer a hi + higher PE\
+ above 200dma . ALL insurance co is upticking, terrible EPS, so buyer beware\maybe.
WOW, Watchdog on Wall Street [ radio like Dave ramsey]went back in time tunnel so to speak\ + noted JP Morgan [banker, not the bank/LOL] said ''during a bear market stocks return to thier rightful owners[managers]''
Not sure his point when he quoted for CAT 'N HAT kids book ;
stalking CAT stock for several days, i already have my DEER for the year. NOT a stock tip\educational post only

 

Energy pipelines, homebuilders, and steel companies look undervalued based on P/E and dividends.

 

Update since this post in June 2021 ATH has gone from under $1 to $3.30 this morning, and MEG has gone from roughly $7-8 to $28. I started trading MEG in October 2020 and ATH early 2021 ( at 0.14 a share ).