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] Group 1: Company Overview - Holley Inc. (HLLY) currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for performance [3][4] - Over the past quarter, HLLY shares have risen by 83.49%, and by 22.7% over the last year, significantly outperforming the S&P 500, which increased by 8.34% and 14.94% respectively [7] Group 2: Price Performance - HLLY shares have increased by 4.63% over the past week, while the Zacks Automotive - Original Equipment industry has decreased by 0.24% during the same period [6] - The monthly price change for HLLY is 96.08%, compared to the industry's performance of 4.94% [6] Group 3: Trading Volume - HLLY's average 20-day trading volume is 849,891 shares, which serves as a bullish indicator when combined with rising stock prices [8] Group 4: Earnings Outlook - In the past two months, three earnings estimates for HLLY have been revised upwards, increasing the consensus estimate from $0.19 to $0.23 [10] - For the next fiscal year, four estimates have also moved upwards with no downward revisions [10] Group 5: Conclusion - Considering the positive momentum indicators and earnings outlook, HLLY is positioned as a strong buy candidate for investors seeking short-term gains [12]
What Makes Holley Inc. (HLLY) a Strong Momentum Stock: Buy Now?