Is the stock price for Interactive Brokers on track to catch up to its fundamentals? Interactive Brokers stock earned an upgrade to its Relative Strength (RS) Rating, from 67 to 74. The upgrade moves it closer to the 80 RS Rating that CAN SLIM investors like to see. Perhaps as important though is that its other ratings are outstanding.
Interactive Brokers Stock Near All-Time High
Top-ranked Interactive Brokers, headquartered in Greenwich, Ct., provides global electronic market making and brokerage services.
Interactive Brokers stock is up recently, and hit a fresh all-time high in early March. And its upgraded 74 RS Rating shows improving price performance. It's still not at the level that CAN SLIM investors like to see though. The best stocks typically have an 80 or higher RS Rating as they begin their biggest climbs. See if Interactive Brokers can continue to rebound and clear that threshold. Meanwhile, its other ratings better reflect its strong sales and profit growth.
It holds a near-best 98 Earnings Per Share Rating out of 99. Its 94 Composite Rating shows it's among the top 6% of stocks overall. It has a C Accumulation/Distribution Rating, showing that big money investors like university funds and ETFs are buying roughly as many shares as selling. However, the number of funds holding IBKR stock rose from 568 in December to 617 in June, indicating growing interest among funds.
See How IBD Helps You Make More Money In Stocks
Interactive Brokers posted 57% earnings growth last quarter, to $1.32 per share. The prior three quarters its EPS growth accelerated. It rose 38%, 57% then 65%. Meanwhile, sales grew 52% year over year to $1 billion last quarter. The prior three stanzas revenue growth, though still substantial, shrank. It grew 114%, 131% and then 64%.
Working On Consolidation With Buy Point
Interactive Brokers stock is trying to complete a consolidation with a 90.19 buy point. See if it can break out in volume at least 40% above average. It rose about 59% in the last year, from 52.43 on July 14, 2022 to close at 83.45 Friday, down 1.4% for the day.
Interactive Brokers stock earns the No. 1 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu is No. 2 and LPL Financial takes third place.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
The exclusive Relative Strength Rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
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