The IBD SmartSelect Composite Rating for Paymentus Holdings rose from 94 to 96 Tuesday.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners 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.
Paymentus Holdings is not currently near a proper entry. Look for the stock to form and break out of a new base.
The stock sports a 98 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
The company reported a 56% rise in earnings for Q1. Top line growth fell to 49%, down from 56% in the prior quarter.
Paymentus Holdings holds the No. 6 rank among its peers in the Finance-Card/Payment Processing industry group. Cantaloupe, Sezzle and Toast are among the top 5 highly-rated stocks within the group.
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