Karman Holdings saw an improvement in its IBD SmartSelect Composite Rating Monday, from 94 to 96.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Karman Holdings is currently extended beyond a proper buy zone after breaking out from a 32.39 buy point in an ipo base.
One weak spot is the company's 40 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported 67% earnings growth. Sales growth climbed 21%, up from 19% in the prior quarter. That marks one quarter of increasing revenue growth. The company's next quarterly report is expected on or around Aug. 7.
Karman Holdings earns the No. 15 rank among its peers in the Aerospace/Defense industry group. AAR Corp, Espey Mfg & Elec and GE Aerospace are among the top 5 highly-rated stocks within the group.
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