Olo Inc. (OLO) is a Great Momentum Stock: Should You Buy?

Company Overview - Olo Inc. currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [4][12] Price Performance - Olo's shares have increased by 11.85% over the past week, while the Zacks Internet - Software industry has declined by 3.22% during the same period [7] - Over the last quarter, Olo's shares rose by 31.58%, and they are up 37.53% over the past year, significantly outperforming the S&P 500, which moved 6.16% and 32.62% respectively [8] Trading Volume - The average 20-day trading volume for Olo is 1,713,819 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Estimates - In the past two months, three earnings estimates for Olo have been revised upwards, with the consensus estimate increasing from $0.21 to$0.23 [11] - For the next fiscal year, three estimates have also moved higher, with no downward revisions noted [11] Conclusion - Given the strong price performance, positive earnings revisions, and high momentum score, Olo Inc. is positioned as a promising investment opportunity [12]