Docebo saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96.
The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Docebo is currently forming a cup with handle, with a 53.86 entry. Look for the stock to break out in volume at least 40% above average. Be aware that it is a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may experience more volatility than large-cap stocks.
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The stock earns an 80 EPS Rating, which means its recent quarterly and annual earnings growth tops 80% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted an 80% increase in earnings for Q3. Revenue growth came in at 19%, down from 22% in the previous quarter.
Docebo holds the No. 19 rank among its peers in the Computer Software-Enterprise industry group. Cloudflare, ServiceNow and Procore Technologies are among the top 5 highly-rated stocks within the group.
