For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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?
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.
Verisk Analytics (VRSK)
Headquartered in Jersey City, N.J., Verisk Analytics is one of the leading data analytics providers serving customers in the insurance, energy and specialized markets and financial services. Using advanced technologies to collect and analyze data, Verisk draws on unique data assets and deep domain expertise to provide innovations that are integrated into customer workflows. The company offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting and many other fields. The company operates in 30 countries.
VRSK sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of A. The stock is down 0% and up 13.8% over the past one-week and four-week period, respectively, and Verisk Analytics has gained 15.9% in the last one-year period as well. Additionally, an average of 854,661.50 shares were traded over the last 20 trading sessions.
A company’s earnings performance is important for momentum investors as well. For fiscal 2024, seven analysts revised their earnings estimate higher in the last 60 days for VRSK, while the Zacks Consensus Estimate has increased $0.07 to $6.55 per share. VRSK also boasts an average earnings surprise of 4.5%.
Investors should take the time to consider VRSK for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report
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