A fairly recent IPO, Sprinklr saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 94 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Sprinklr has now climbed above a proper buy zone after breaking out from an 11.32 entry in a cup with handle. Keep a close eye on the stock has it tries to climb back up to the original IPO price levels. It is in a strong industry group, but is it a leader or a follower to some of the bigger names in this sector?
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One weak spot is the company's 74 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted 0% EPS growth for Q1. Sales growth came in at 20%, down from 22% in the previous quarter.
Sprinklr Cl A earns the No. 20 rank among its peers in the Computer Software-Enterprise industry group. Datadog, DigitalOcean and Dynatrace are among the top 5 highly-rated stocks within the group.
