The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Lazydays Holdings is currently forming a double bottom, with a 25.65 entry. Look for the stock to break out in heavy trade at least 40% higher than normal. Be aware that it’s a thinly traded stock, with average daily dollar volume under $8 million. Less liquid stocks are more prone to volatile action since it takes fewer shares traded to move the share price significantly.
One weak spot is the company’s 72 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q2, the company posted 384% EPS growth. Top line growth climbed 51%, up from 42% in the prior quarter. That marks two consecutive reports with increasing revenue gains.
Lazydays Holdings holds the No. 3 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Autonation (AN) is the No. 1-ranked stock within the group.
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