By Mill Chart
Last update: Dec 25, 2023
For growth-minded investors, high revenue and EPS growth are key criteria. Today, we'll examine whether PAYCOM SOFTWARE INC (NYSE:PAYC) fits the bill for growth investing, particularly as it forms a base and hints at a potential breakout. Remember, due diligence is essential, but PAYCOM SOFTWARE INC has caught our attention on our screen for growth with base formation. It may warrant additional investigation.
ChartMill assigns a proprietary Growth Rating to each stock. The score is computed by evaluating various growth aspects, like EPS and revenue growth. We take into account the history as well as the estimated future numbers. NYSE:PAYC was assigned a score of 8 for growth:
To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NYSE:PAYC has earned a 8 out of 10:
ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:PAYC, the assigned 8 is a significant indicator of profitability:
Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NYSE:PAYC is 7:
PAYC has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
For an up to date full fundamental analysis you can check the fundamental report of PAYC
For an up to date full technical analysis you can check the technical report of PAYC
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
PAYCOM SOFTWARE INC
NYSE:PAYC (4/19/2024, 7:08:57 PM)
After market: 183.26 +0.01 (+0.01%)183.25
-1.62 (-0.88%)
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