On Friday, Paymentus Holdings got an upgrade for its IBD SmartSelect Composite Rating from 94 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. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Paymentus Holdings is currently forming a cup without handle, with a 40.43 buy point. See if the stock can break out in volume at least 40% higher than normal. Keep in mind that it's a later-stage base, and such bases are more prone to failure.
The stock earns a 98 EPS Rating, which means its recent quarterly and annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 50% earnings gain for Q2. Revenue growth came in at 42%, down from 49% in the prior quarter.
Paymentus Holdings holds the No. 3 rank among its peers in the Finance-Card/Payment Processing industry group. dLocal is the top-ranked stock within the group.
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