Hibbett stock saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 74 to 90.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 as they launch their largest runs.
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Is Hibbett Stock A Buy?
Hibbett stock soared 10% on Tuesday after the company posted solid results for fiscal third quarter of 2024 and raised its full-year guidance. While it's not currently an ideal time to jump in, see if the stock goes on to offer and clear a proper buy point.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 6%, compared to -54% in the prior report. Revenue increased from -5% to 0%.
Hibbett stock earns the No. 3 rank among its peers in the Retail-Leisure Products industry group. Dick's Sporting Goods, Winmark and Hibbett are among the top 5 highly rated stocks within the group.
