The IBD SmartSelect Composite Rating for Endava stock increased from 93 to 96 Thursday. The software developer and IT consultant stock has a 93 Relative Strength Rating.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
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Is Endava Stock A Buy?
Endava stock broke out earlier, but has fallen back below the prior 143.60 entry from a consolidation. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips. Also, check out "Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks."
The stock has a 99 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 55% earnings-per-share gain for Q2. Sales growth came in at 48%, down from 62% in the prior quarter.
Endava earns the No. 1 rank among its peers in the Computer-Technical Services industry group. Globant and Perficient are also among the group's highest-rated stocks.
