Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Overview: Webtoon Entertainment (WBTN) - Webtoon Entertainment currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3][4] - The stock has shown significant price increases, with shares up 49.65% over the past week and 123.06% over the past quarter, compared to the S&P 500's 10.87% increase in the same quarter [6][7] Price Performance - Over the past month, WBTN's price change is 42.37%, significantly outperforming the Zacks Internet - Software industry's 3.88% [6] - The average 20-day trading volume for WBTN is 1,294,369 shares, indicating strong interest and bullish sentiment [8] Earnings Outlook - In the last two months, two earnings estimates for WBTN have been revised upwards, raising the consensus estimate from -$0.30 to $0.24 [10] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions, suggesting positive earnings momentum [10] Conclusion - Given the strong price performance, positive earnings revisions, and favorable momentum indicators, WBTN is positioned as a solid momentum pick for investors [12]
Here's Why Webtoon Entertainment (WBTN) is a Great Momentum Stock to Buy