What Makes Twist Bioscience (TWST) a Strong Momentum Stock: Buy Now?

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 Analysis: Twist Bioscience (TWST) - Twist Bioscience has a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company currently holds a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] - Over the past week, TWST shares increased by 10.95%, significantly outperforming the Zacks Medical - Biomedical and Genetics industry, which rose by only 0.28% [6] - In a longer timeframe, TWST shares have gained 195.17% over the past year, compared to the S&P 500's increase of 28.67% [7] - The average 20-day trading volume for TWST is 1,303,897 shares, indicating a bullish sentiment as the stock is rising with above-average volume [8] Earnings Outlook - In the last two months, two earnings estimates for TWST have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from -$3.17 to -$3.12 [10] - For the next fiscal year, two estimates have also moved upwards without any downward revisions, reflecting a positive earnings outlook [10] Conclusion - Given the positive momentum indicators and earnings outlook, TWST is positioned as a strong candidate for investors seeking momentum stocks [11]