Here's Why CRA International (CRAI) is a Strong Momentum Stock
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?
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
CRA International (CRAI)
Headquartered in Boston, MA, Charles River Associates is one of the leading global consulting firms. The company functions through a global network of coordinated offices across North America and Europe. It was founded in 1965.
CRAI is a Zacks Rank #1 (Strong Buy) stock, with a Momentum Style Score of B and VGM Score of B. Shares are down 5.1% over the past one week and up 3.1% over the past four weeks. CRAI has gained 46.7% in the last one-year period as well. Looking at trading volume, an average of 32,105.95 shares exchanged hands over the last 20 trading days.
Momentum investors also pay close attention to a company's earnings. For CRAI, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.74 to $6.93 per share for 2024. CRAI boasts an average earnings surprise of 23.5%.
CRAI 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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Charles River Associates (CRAI) : Free Stock Analysis Report