Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Delcath Systems, Inc. (DCTH) - DCTH currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - DCTH shares have increased by 4.17% over the past week, contrasting with a 1.24% decline in the Zacks Medical - Instruments industry [5] - Over the past quarter, DCTH shares have surged by 73.06%, and over the last year, they have gained 242.1%, while the S&P 500 has only moved 1.24% and 22.19% respectively [6] Trading Volume - The average 20-day trading volume for DCTH is 496,916 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for DCTH has increased, while none have decreased, raising the consensus estimate from -0.79 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating a positive trend in earnings expectations [9] Conclusion - Considering the positive momentum indicators and earnings outlook, DCTH is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]
Are You Looking for a Top Momentum Pick? Why Delcath Systems, Inc. (DCTH) is a Great Choice