Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
CRA International (CRAI)
Headquartered in Boston, MA, Charles River Associates is one of the leading global consulting firms. The company functions through a global network of coordinated offices across North America and Europe. It was founded in 1965.
CRAI boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #2 (Buy) rating. Shares of CRA International has seen some interesting price action recently; the stock is down 1.7% over the past one week and up 5.6% over the past four weeks. And in the last one-year period, CRAI has gained 117.1%. As for the stock's trading volume, 40,068 shares on average were traded over the last 20 days.
Momentum investors also pay close attention to a company's earnings. For CRAI, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $6.95 per share for 2024. CRAI boasts an average earnings surprise of 31%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding CRAI to their portfolios.
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Charles River Associates (CRAI) : Free Stock Analysis Report