Tech Retailer Stock To Jump

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Tech Retailer Stock To Jump

This Tech Retailer Stock In Ftse 250 Will Jump

As of this moment, there are many undervalued stocks in the FTSE 250 index. There are many reasons for this undervaluation, such as the weaker UK economy and better options in the form of US stocks.

Also, retail investors are facing a lack of data, which is yet another reason for the undervaluation of UK stocks. One particular UK stock that is undervalued in FTSE 250 is the Currys (LSE: CURY).

Currys Up By 89% In 12 Months

The Currys is a tech retailer and has gained almost 89% during the last 12 months. But even after staging such gains, the Currys stock is still trading below the highs made during pandemic.

During the past year, an 89% upside was seen in the Currys stock, which shows its strong strategic positioning and financial performance. The Q3 results from the Currys also showed a 2% jump in the like-for-like sales during the holiday season.

In addition, the demand for computer and gaming products is also very strong. This will also go in favor of the Currys, which is a top tech retailer in the UK.

The management of Currys has also recetly revised its profit guidance higher. So, that's also a plus point which hints at massive upside in the Currys stock value during 2025.

Although the Currys stock has made some big gains, it is still very reasonably valued with a P/E ratio of 5.2 and a P/S ratio of around 0.1%.

Meanwhile, the average P/E ratio for this sector around the globe is 18.6. This factor alone shows that Currys stock is still very cheap despite delivering solid gains in 2024.

Overall, the Currys stocks are a good pick from the FTSE 100 index. The stock is still very cheap, which means we can expect an explosive upside during the years 2025 and 2026. And when we consider the strong growth for electronic products, the future for Currys looks more bright.

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