What Makes Inter & Co. Inc. (INTR) a Strong Momentum Stock: Buy Now?

Core Insights - 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][2] - Inter & Co. Inc. (INTR) currently holds a Momentum Style Score of B, indicating potential for solid momentum trading [3][12] Company Performance - INTR shares have increased by 6.22% over the past week, outperforming the Zacks Financial - Miscellaneous Services industry, which declined by 2.5% during the same period [6] - Over the past month, INTR's price change is 8.54%, significantly better than the industry's 1.03% performance [6] - In the last quarter, INTR shares rose by 28.99%, while the S&P 500 only moved -0.52% [7] - Over the past year, INTR has gained 17.1%, compared to the S&P 500's 14.2% increase [7] Trading Volume - The average 20-day trading volume for INTR is 2,727,888 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions for INTR show 2 estimates moving higher for the full year, raising the consensus estimate from $0.51 to $0.53 [10] - For the next fiscal year, 2 estimates have also increased, with no downward revisions noted [10] Conclusion - Given the positive momentum indicators and earnings outlook, INTR is rated as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [12]