Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Cimpress (CMPR)
Cimpress plc is an online supplier of high-quality graphic design services and customized printed products to small businesses and consumers. Its product offerings include business cards, brochures and websites, and e-commerce platforms, calendars, address labels, note pads and signage, among others. With the use of proprietary web-based design software and advanced computer integrated printing facilities, the company has a competitive advantage over traditional graphic design and printing methods. It has production facilities in the United States, Austria, China, Brazil, Australia, Canada, India, France, Japan, Italy, the U.K., Ireland, Mexico and the Netherlands. Cimpress plc was originally known as Compress N.V. On Dec 3, 2019, Cimpress N.V. shifted its incorporation site from the Netherlands to Ireland by completing a cross-border merger. In the merger, Cimpress N.V. (originally a Dutch public limited company) merged with and into Cimpress plc (an Irish public limited company), in which the latter survived the merger. The company reports its revenues under four segments:
CMPR boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Cimpress has seen some interesting price action recently; the stock is down 3.8% over the past one week and up 5.5% over the past four weeks. And in the last one-year period, CMPR has gained 161.4%. As for the stock's trading volume, 129,739.95 shares on average were traded over the last 20 days.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.22 to $2.38 per share. CMPR boasts an average earnings surprise of 71.9%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding CMPR to their portfolios.
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Cimpress plc (CMPR) : Free Stock Analysis Report
