The IBD SmartSelect Composite Rating for Innodata increased from 94 to 97 Monday.
The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Innodata is not currently near a proper entry. Look for the stock to form and break out of a new base.
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The stock has an 80 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 80% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company posted a 520% rise in earnings for Q4. Top line growth fell to 127%, down from 136% in the previous quarter.
Innodata holds the No. 3 rank among its peers in the Computer-Technical Services industry group. Gorilla Technology Group is the top-ranked stock within the group.
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