monday.com saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.
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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
monday.com broke out earlier, but is now trading about 1% below the 303.00 buy point from a cup with handle. See if the stock can climb back into the buy zone in heavy volume.
One weak spot is the company's 79 EPS Rating, which tracks quarterly and annual earnings 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 posted 80% earnings-per-share growth. That means it's now posted two straight quarters of rising EPS growth. Revenue growth fell to 30%, down from 32% in the prior quarter.
monday.com holds the No. 5 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
