On Monday, Innodata got an upgrade for its IBD SmartSelect Composite Rating from 92 to 96.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Innodata has now climbed above a proper buy zone after breaking out from a 19.80 entry in a double bottom.
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One weak spot is the company's 70 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted 3,400% EPS growth for Q3. Sales growth climbed 136%, up from 66% in the prior quarter. That marks six consecutive reports with increasing revenue gains. The company's next quarterly report is expected on or around Feb. 20.
Innodata earns the No. 4 rank among its peers in the Computer-Technical Services industry group. GitLab Cl A is the No. 1-ranked stock within the group.
