Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
Consolidated Water (CWCO)
Consolidated Water Co., along with its subsidiaries, is involved in the development and operation of seawater desalination plants and water distribution systems in areas where naturally occurring supplies of potable water are scarce or nonexistent. The company also focuses on expanding operation in areas having a large proportion of tourist properties and growing population. The company was founded in 1973.
CWCO boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of Consolidated Water has seen some interesting price action recently; the stock is up 30.7% over the past one week and up 25% over the past four weeks. And in the last one-year period, CWCO has gained 62.9%. As for the stock's trading volume, 133,777.45 shares on average were traded over the last 20 days.
A company's earnings performance is important for momentum investors as well. For fiscal 2023, three analysts revised their earnings estimate higher in the last 60 days for CWCO, while the Zacks Consensus Estimate has increased $0.35 to $1.32 per share. CWCO also boasts an average earnings surprise of 23.8%.
CWCO should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Consolidated Water Co. Ltd. (CWCO) : Free Stock Analysis Report
