Why CRA International (CRAI) 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?
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.
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 sits at a Zacks Rank #2 (Buy), holds a Momentum Style Score of B, and has a VGM Score of A. The stock is down 1.6% and up 4.2% over the past one-week and four-week period, respectively, and CRA International has gained 41% in the last one-year period as well. Additionally, an average of 29,082.80 shares were traded over the last 20 trading sessions.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.23 to $5.85 per share. CRAI boasts an average earnings surprise of 8.1%.
Investors should take the time to consider CRAI for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Charles River Associates (CRAI) : Free Stock Analysis Report
