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Here's Why Monolithic Power (MPWR) is a Strong Momentum Stock

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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Monolithic Power (MPWR)

Monolithic Power Systems, based in Kirkland, WA, designs, develops and markets high-performance power solutions. The company focuses on the market for high-performance analog and mixed-signal integrated circuits (ICs).

MPWR boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Monolithic Power has seen some interesting price action recently; the stock is down 3.5% over the past one week and up 5.9% over the past four weeks. And in the last one-year period, MPWR has gained 56.2%. As for the stock's trading volume, 482,794.56 shares on average were traded over the last 20 days.

Momentum investors also pay close attention to a company's earnings. For MPWR, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.34 to $13.41 per share for 2024. MPWR boasts an average earnings surprise of 1.9%.

MPWR should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Monolithic Power Systems, Inc. (MPWR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research