Weave Communications saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 94 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. The market's biggest winners 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.
Weave Communications is now out of buy range after breaking out from a 13.80 entry in a consolidation.
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One weak spot is the company's 73 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 A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q3, the company posted 0% EPS growth. Revenue growth came in at 20%, down from 21% in the previous quarter.
Weave Communications holds the No. 3 rank among its peers in the Computer Software-Medical industry group. Doximity is the No. 1-ranked stock within the group.
