Why Universal Technical Institute (UTI) is a Top Momentum Stock for the Long-Term
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?
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.
Universal Technical Institute (UTI)
Universal Technical Institute, Inc. (UTI) is a leading provider of post-secondary education in the United States offering degree, diploma and certificate programs in the fields of professional automotive, diesel, collision repair, motorcycle and marine.
UTI boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #1 (Strong Buy) rating. Shares of Universal Technical Institute has seen some interesting price action recently; the stock is down 9.4% over the past one week and up 1.6% over the past four weeks. And in the last one-year period, UTI has gained 91.3%. As for the stock's trading volume, 956,254.81 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 UTI, while the Zacks Consensus Estimate has increased $0.09 to $0.70 per share. UTI also boasts an average earnings surprise of 126%.
Investors should take the time to consider UTI for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Universal Technical Institute Inc (UTI) : Free Stock Analysis Report
