Despegar.com(DESP) ZACKS·2024-11-29 18:00Core Insights - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher as stocks tend to continue in their established direction [1] - Despegar.com (DESP) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The Zacks Rank for Despegar.com is 1 (Strong Buy), suggesting a high likelihood of outperforming the market [3] Performance Metrics - DESP shares have increased by 7.94% over the past week, significantly outperforming the Zacks Transportation - Services industry, which rose by 1.41% [6] - Over the last quarter, DESP shares have surged by 46.53%, and over the past year, they have gained 122.18%, while the S&P 500 has only increased by 7.61% and 33.32% respectively [7] - The average 20-day trading volume for DESP is 1,364,715 shares, indicating strong trading activity [8] Earnings Outlook - In the past two months, one earnings estimate for DESP has increased, raising the consensus estimate from 0.90 [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [10] Conclusion - Given the strong performance metrics and positive earnings outlook, Despegar.com is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment opportunity [11]