ViaSat (VSAT) is a Great Momentum Stock: Should You Buy?

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: ViaSat (VSAT) - ViaSat currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3] - The company has a Zacks Rank of 2 (Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Price Performance - Over the past week, VSAT shares increased by 3.04%, while the Zacks Wireless Equipment industry rose by 3.92% [6] - In a longer timeframe, VSAT shares have risen by 137.01% over the past three months and 138.86% over the past year, significantly outperforming the S&P 500's gains of 9.25% and 18.95% respectively [7] Trading Volume - The average 20-day trading volume for VSAT is 3,953,443 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, two earnings estimates for VSAT have increased, with no downward revisions, raising the consensus estimate from $0.06 to $1.69 [10] - For the next fiscal year, two estimates have also moved upwards without any downward revisions [10] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, VSAT is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a noteworthy option for near-term investment [11][12]