On Monday, TaskUs got an upgrade for its IBD SmartSelect Composite Rating from 78 to 96.
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The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
TaskUs is currently forming a consolidation, with a 19.60 buy point. See if the stock can break out in volume at least 40% higher than normal. Be aware that it's a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may experience more volatility than large-cap stocks.
The stock earns an 87 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 87% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported 27% earnings growth. Sales growth increased 22%, up from 17% in the prior report. The company has now posted rising growth in each of the last four reports.
TaskUs holds the No. 4 rank among its peers in the Computer-Technical Services industry group. Dave is the No. 1-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.
