Tradeweb Markets stock hit an all-time high in early December. It immediately started forming a flat base with a 141.69 buy point. It's among the top 3% of companies for earnings growth. And on Thursday Tradeweb Markets stock got a rating upgrade.
The Relative Strength (RS) Rating for Tradeweb Markets stock climbed into a new percentile Thursday, as it got a lift from 67 to 73. The upgraded RS Rating shows that the New York-based markets technology firm tops 73% of stocks for performance over the last 52 weeks.
Decades of market research reveals that the market's biggest winners tend to have an 80 or better RS Rating as they begin their largest climbs. See if Tradeweb Markets can continue to rebound and hit that benchmark.
Tradeweb Markets stock dropped to a 122.31 low on Feb. 7 as it works on a flat base. This past week it climbed toward a fresh buy point and closed above 128 Thursday.
Among its other ratings the fintech stock has an outstanding 94 Composite Rating out of 99. The best growth stocks often have a 90 or higher Composite before they begin their biggest runs. Additionally, it sports a terrific 97 EPS Rating. And its SMR Rating (sales + profit margin + return on equity) of A on an A-to-E scale points to outstanding fundamentals.
One yellow flag is its D Accumulation/Distribution Rating, which shows that funds are selling more of its shares than buying. However, funds seem to indicate they see promise in its stock. The number of funds holding Tradeweb Markets stock rose from 1,274 in the June-ended quarter to 1,330 in December.
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Double-Digit Profit, Sales Growth
Tradeweb Markets posted 19% EPS growth last quarter to 76 cents per share on a 25% increase in sales to $463.3 million. The prior three stanzas it recorded EPS gains of 31%, 35% and 36%. Revenue during that time grew 24%, 30% and 37%.
Watchlist candidate Tradeweb Markets earns the No. 11 rank among its peers in the Financial Services-Specialty industry group. Marex Group, Sezzle and Qifu Technology are among the top 5 highly rated stocks in the group.
The unique IBD Relative Strength Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
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