The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
South Jordan, Utah-based Cricut makes connected devices, accessories and materials that enable people to make do-it-yourself and craft goods. It went public in late March and closed at 17.80 its first day of trading. Its stock traded at 32.21 Wednesday afternoon, up about 4% for the day and nearly doubled in two months trading.
One weak spot is the company’s 70 EPS Rating, which tracks quarterly and annual earnings-per-share growth. The rating reflects poor earnings in its pre-IPO growth stage. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.
Cricut reported a 267% earnings gain for Q1, its fourth straight quarter of triple-digit profit growth. Revenue grew 125% to $323.8 million, up from 114% in the prior report. The company has now posted rising growth in each of the last two quarters.
Cricut earns the No. 1 rank among its peers in the Computer-Hardware/Peripherals industry group. Logitech International (LOGI) and Corsair Gaming Inc (CRSR) are also among the group’s highest-rated stocks.
Cricut is currently extended beyond a proper buy zone after clearing the entry in an IPO base. See if it can form a fresh base and break out in strong volume.
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