On Tuesday, Focus Financial Partners (FOCS) got an upgrade to its Relative Strength (RS) Rating, from 78 to 81. The wealth management services provider has been putting up outstanding numbers, participating in the boom among financial and fintech firms.
Top-ranked Focus Financial stock has outperformed 81% of all stocks over the past year. Additionally, the New York-based firm holds the No. 1 rank among its peers in the Finance-Investment Management industry group.
Focus Financial Stock Up Fourfold In 18 Months
Focus Financial stock fell to 12.17 in late March 2020 as the Covid market downturn bottomed. It traded at 53.30 Tuesday, up more than fourfold in 18 months after a series of cup-with-handle patterns pushed it higher.
Among other key ratings, Focus Financial has a 91 EPS Rating, reflecting strong recent and long-term profit growth. Meanwhile, its best-possible 99 Composite Rating cements its position as a market leader.
The IBD Composite Rating helps investors easily measure the quality of a stock’s fundamental and technical metrics. The best growth stocks have a Composite Rating of 90 or better.
In terms of top and bottom line numbers, Focus Financial has posted rising EPS growth over the last two quarters. Revenue growth has also increased during the same period. In its most recent quarter, EPS rose 38% to 98 cents. Revenue for the fast-growing small cap grew 36% to $425.4 million.
Focus Financial is building a cup with handle with a 54.85 entry. See if it can break out in heavy trading.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor’s Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the last 52 weeks holds up against all the other stocks in our database.
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