Monday.com (MNDY) stock had its Relative Strength (RS) Rating upgraded from 62 to 92 Tuesday. The cloud-based project management software maker reported Q4 EPS of 1.08, beating analyst estimates of 79 cents. Revenue came in at $268 million, up 32% from $202.6 for the same period a year ago.
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This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the market’s biggest winners typically have an RS Rating north of 80 as they begin their largest price moves.
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Is Monday.com Stock A Buy?
Monday.com stock gapped up 26% on Monday on positive earnings news. The tech stock cleared a three month consolidation with a 324.99 entry point and is still within that buying range.
While the cloud-based software company’s top line growth fell last quarter from 33% to 32%, the bottom line grew 66%, up from 33% in the previous report.
Monday.com holds the No. 13 rank among its peers in the Computer Software-Enterprise industry group. Enfusion (ENFN), Samsara (IOT) and Klaviyo (KVYO) are among the top 5 highly rated stocks within the group.
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