Root Cl A saw its IBD SmartSelect Composite Rating rise to 96 Friday, up from 88 the day before.
The revised score 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 rating 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.
Root Cl A is now out of buy range after breaking out from a 118.15 entry in a consolidation.
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The stock sports an 81 EPS Rating, meaning its recent quarterly and annual earnings growth tops 81% 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 0% rise in earnings for Q4. Revenue growth came in at 68%, down from 165% in the previous quarter.
Root Cl A holds the No. 4 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A is the No. 1-ranked stock within the group.
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