Why Model N (MODN) 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.
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.
Model N (MODN)
San Mateo, CA-based Model N Inc. provides revenue management solutions for life sciences and technology companies including applications for configure, price, quote (CPQ), rebates management and regulatory compliance.
MODN boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #2 (Buy) rating. Shares of Model N has seen some interesting price action recently; the stock is down 3.5% over the past one week and up 6.4% over the past four weeks. And in the last one-year period, MODN has lost 41.7%. As for the stock's trading volume, 354,612.31 shares on average were traded over the last 20 days.
Momentum investors also pay close attention to a company's earnings. For MODN, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.18 to $1.30 per share for 2024. MODN boasts an average earnings surprise of 20.8%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding MODN to their portfolios.
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Model N, Inc. (MODN) : Free Stock Analysis Report
