Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
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.
Kratos (KTOS)
Headquartered in San Diego, CA, Kratos Defense & Security Solutions was incorporated on Dec 19, 1994 and began operations in March 1995. The company offers high performance, jet powered, unmanned aerial target drone systems which are designed to replicate state of the art adversarial fighter aircraft, missiles and other threat. The company also specializes in space and satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, C5ISR, training and combat systems.
KTOS sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is down 8.1% and up 6.4% over the past one-week and four-week period, respectively, and Kratos has lost 0.6% in the last one-year period as well. Additionally, an average of 1,148,970.38 shares were traded over the last 20 trading sessions.
Momentum investors also pay close attention to a company's earnings. For KTOS, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $0.36 per share for 2023. KTOS boasts an average earnings surprise of 63.6%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding KTOS to their portfolios.
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Kratos Defense & Security Solutions, Inc. (KTOS) : Free Stock Analysis Report
