Here's Why Kratos (KTOS) is a Strong Momentum Stock
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
Kratos (KTOS)
Headquartered in San Diego, CA, Kratos Defense & Security Solutions was incorporated on Dec 19, 1994 and began operations in March 1995. The company offers high performance, jet powered, unmanned aerial target drone systems which are designed to replicate state of the art adversarial fighter aircraft, missiles and other threat. The company also specializes in space and satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, C5ISR, training and combat systems.
KTOS boasts a Momentum Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Kratos has seen some interesting price action recently; the stock is down 1.5% over the past one week and up 2.4% over the past four weeks. And in the last one-year period, KTOS has gained 54.7%. As for the stock's trading volume, 1,020,161.13 shares on average were traded over the last 20 days.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.07 to $0.46 per share. KTOS boasts an average earnings surprise of 73.8%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding KTOS to their portfolios.
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Kratos Defense & Security Solutions, Inc. (KTOS) : Free Stock Analysis Report