Ubiquiti Inc. (UI) is a Great Momentum Stock: Should You Buy?

Company Overview - Ubiquiti Inc. (UI) currently holds a Momentum Style Score of B, indicating a positive outlook based on its price change and earnings estimate revisions [3][12] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [4][12] Price Performance - Over the past week, UI shares have increased by 2.27%, while the Zacks Wireless Equipment industry has decreased by 0.37% [6] - In a longer time frame, UI's monthly price change is 19.94%, significantly outperforming the industry's 7.76% [6] - Over the past quarter, UI shares have surged by 69.61%, and over the last year, they have gained 200.71%, compared to the S&P 500's increases of 8.19% and 19.01%, respectively [7] Trading Volume - The average 20-day trading volume for UI is 176,059 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the past two months, one earnings estimate for UI has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from $9.29 to $12.05 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10]