Pacasmayo (CPAC) Is Up 52.07% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Pacasmayo (CPAC) - Pacasmayo currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, CPAC shares have increased by 52.07%, while the Zacks Building Products - Concrete and Aggregates industry remained flat [5] - In a longer timeframe, CPAC's monthly price change is 60.03%, significantly outperforming the industry's 0.57% [5] - Over the last three months, CPAC shares have risen by 46.67%, and over the past year, they have increased by 89.78%, compared to the S&P 500's gains of 4.03% and 16.96%, respectively [6] Trading Volume - CPAC's average 20-day trading volume is 202,935 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 CPAC has increased, while none have decreased, raising the consensus estimate from $0.69 to $0.79 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [9] Conclusion - Given the strong performance metrics and positive earnings outlook, CPAC is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a compelling option for investors seeking short-term gains [11]