WINGSTOP INC (NASDAQ:WING) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamental growth metrics with a promising chart pattern, making it worth a closer look.
Strong Growth Fundamentals
WINGSTOP INC has demonstrated impressive growth, supported by the following key metrics:
- Revenue Growth: Over the past year, revenue increased by 30.97%, with an average annual growth rate of 25.66% in recent years.
- Earnings Growth: EPS grew by 28.47% in the last year, with a three-year average growth of 38.27%.
- Profitability: The company maintains strong margins, including a 26.45% profit margin and an 85.69% gross margin, outperforming most industry peers.
- Financial Health: WINGSTOP has a solid balance sheet, with a current ratio of 3.56, indicating strong liquidity.
The company’s growth prospects remain positive, with analysts forecasting 21.66% annual EPS growth and 17.38% revenue growth in the coming years.
Technical Setup
The stock is currently showing a constructive technical pattern:
- Trend Strength: Both short-term and long-term trends are positive.
- Support & Resistance: A key support zone lies between $343.41 and $347.60, while resistance is near $358.40. A breakout above this level could signal further upside.
- Consolidation: Prices have been consolidating recently, offering a potential entry point.
Given the strong fundamentals and technical setup, WINGSTOP presents an interesting opportunity for growth-oriented investors.
For more details, review the full fundamental analysis and technical analysis reports.
Our Strong Growth Stocks with Good Technical Setup Ratings screener lists more stocks with similar characteristics and is updated daily.
Disclaimer
This is not investment advice. The observations here are based on current data, but you should conduct your own research before making any investment decisions.
