Why Lions Gate Entertainment (LGF.A) is a Top Momentum Stock for the Long-Term
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.
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?
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.
Lions Gate Entertainment (LGF.A)
Lionsgate has evolved as a leading global content provider based on its massive film and television library that has nearly 18,000 titles. The company produces and distributes motion pictures for theatrical as well as straight-to-video release, and television programming. It also has interest in video game business, particularly in esports.
LGF.A boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Lions Gate Entertainment has seen some interesting price action recently; the stock is down 6.7% over the past one week and up 4.4% over the past four weeks. And in the last one-year period, LGF.A has gained 2.9%. As for the stock's trading volume, 760,910.44 shares on average were traded over the last 20 days.
A company's earnings performance is important for momentum investors as well. For fiscal 2024, two analysts revised their earnings estimate higher in the last 60 days for LGF.A, while the Zacks Consensus Estimate has increased $0.04 to $0.57 per share. LGF.A also boasts an average earnings surprise of 724%.
LGF.A 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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Lions Gate Entertainment Corp. (LGF.A) : Free Stock Analysis Report
