The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength.
Advanced Drainage Systems is currently forming a flat base, with a 117.99 entry. See if the stock can break out in heavy trade at least 40% above average. Keep in mind that it’s a later-stage base, and such bases are more prone to failure.
One weak spot is the company’s 70 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.
In Q4, the company reported 2,200% earnings-per-share growth. Revenue growth came in at 20%, down from 24% in the previous quarter.
Advanced Drainage Systems earns the No. 5 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Atkore (ATKR) is the top-ranked stock within the group.
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