Bandwidth Cl A saw an improvement in its IBD SmartSelect Composite Rating Friday, from 92 to 96.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Bandwidth Cl A is not currently near a proper buy point. Look for the stock to form and break out of a new base. Keep in mind that it's a thinly traded stock, with average daily dollar volume under $8 million.
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The stock sports a 97 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 97% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 87% earnings-per-share growth. Sales growth climbed 28%, up from 19% in the prior quarter. That marks one quarter of rising revenue growth.
Bandwidth Cl A holds the No. 9 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Smartsheet and Klaviyo are among the top 5 highly-rated stocks within the group.
