monday.com saw an improvement in its IBD SmartSelect Composite Rating Friday, from 90 to 96.
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The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
monday.com is not currently near a proper buy zone. See if the stock goes on to form a new chart pattern and offer a new buying opportunity.
One weak spot is the company's 75 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 C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q4, the company posted 66% EPS growth. Top line growth fell to 32%, down from 33% in the previous quarter. The company's next quarterly report is expected on or around May. 12.
monday.com earns the No. 8 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, ServiceNow and Shopify are among the top 5 highly-rated stocks 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.
