Flywire had its Relative Strength (RS) Rating upgraded from 61 to 72 Wednesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the best stocks often have an RS Rating north of 80 as they begin their largest price moves. See if Flywire can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
While it's not currently an ideal time to jump in, see if the stock manages to form a consolidation and break out.
Top and bottom line growth moved higher last quarter. Earnings were up 275%, compared to 0% in the prior report. Revenue increased from 22% to 27%.
The company earns the No. 21 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments, Paymentus Holdings and Block are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
