[ibd-display-video id=2102289 width=50 float=left autostart=true] The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they launch a significant move.
Federal Agric Mtg Cl C is currently forming a consolidation , with a 77.88 entry. Look for the stock to break out in heavy trade at least 40% higher than normal. Understand that it's a thinly traded stock, with average daily dollar volume under $8 million. Less liquid stocks are more prone to volatile action since it takes fewer shares bought or sold to move the share price.
One weak spot is the company's 76 EPS Rating, which tracks quarterly and annual earnings 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 Q3, the company posted 15% earnings growth. Sales growth came in at 30%, down from 32% in the previous quarter.
Federal Agric Mtg Cl C holds the No. 5 rank among its peers in the Finance-Mortgage & Related Services industry group. Essent ( ESNT ) is the top-ranked stock within the group.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.