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.
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?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
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 B 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 up 1.8% over the past one week and up 13.9% over the past four weeks. And in the last one-year period, CMPR has gained 192.6%. As for the stock's trading volume, 122,386.45 shares on average were traded over the last 20 days.
Momentum investors also pay close attention to a company's earnings. For CMPR, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $2.38 per share for 2024. CMPR boasts an average earnings surprise of 71.9%.
Investors should take the time to consider CMPR for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Cimpress plc (CMPR) : Free Stock Analysis Report
