monday.com saw its IBD SmartSelect Composite Rating rise to 97 Tuesday, up from 92 the day before.
The new rating shows the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher rating 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.
monday.com broke out earlier, but is now trading right around the prior 324.99 entry from a consolidation. If a stock you're watching breaks past a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also keep in mind that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
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One weak spot is the company's 76 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.
In Q4, the company posted 66% earnings growth. Top line growth came in at 32%, down from 33% in the prior quarter.
monday.com holds the No. 13 rank among its peers in the Computer Software-Enterprise industry group. Enfusion, Samsara and Klaviyo are among the top 5 highly-rated stocks within the group.
