Here's Why Perimeter Solutions, SA (PRM) is a Great Momentum Stock to 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: Perimeter Solutions, SA (PRM) - PRM currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][3] - Over the past week, PRM shares increased by 4.03%, while the Zacks Chemical - Specialty industry declined by 1.7% [5] - In the last quarter, PRM shares rose by 24.64%, and over the past year, they increased by 120.4%, significantly outperforming the S&P 500, which rose by 5.43% and 14.79% respectively [6] Trading Volume - PRM's average 20-day trading volume is 1,166,714 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for PRM increased, while none decreased, raising the consensus estimate from $1.10 to $1.36 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, PRM is positioned as a strong buy candidate for investors seeking short-term opportunities [11]