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] - The Zacks Momentum Style Score helps investors identify stocks with strong momentum, addressing the challenges of defining momentum [2] Company Overview: Shattuck Labs, Inc. (STTK) - Shattuck Labs, Inc. currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - Over the past week, STTK shares increased by 3.07%, while the Zacks Medical - Biomedical and Genetics industry rose by 3.61% [6] - In a longer timeframe, STTK shares have surged by 209.66% over the past quarter and 94.44% over the last year, significantly outperforming the S&P 500, which increased by 8.11% and 19.22% respectively [7] Trading Volume - The average 20-day trading volume for STTK is 426,895 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions for STTK show positive momentum, with three estimates moving higher for the full year, raising the consensus estimate from -$0.96 to -$0.71 [10] - For the next fiscal year, three estimates have also increased, with no downward revisions noted [10] Conclusion - Considering the positive performance metrics and earnings outlook, STTK is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12]
What Makes Shattuck Labs, Inc. (STTK) a Strong Momentum Stock: Buy Now?