One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Paymentus Holdings stock just hit that mark, with a jump from 67 to 83 Wednesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating of at least 80 as they begin their biggest price moves.
Is Paymentus Holdings Stock A Buy?
Paymentus Holdings stock is trying to complete a consolidation with a 40.43 entry. See if the payment stock can clear the breakout price in heavy trading. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
The cloud-based bill payment firm posted 50% earnings growth in the latest quarterly report, while sales growth came in at 42%.
Paymentus Holdings stock earns the No. 4 rank among its peers in the Finance-Card/Payment Processing industry group. Cantaloupe is the No. 1-ranked stock within the group.
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