Here's Why Universal Technical Institute (UTI) is a Strong Momentum Stock

Zacks Equity Research

Mon, May 13, 2024, 9:50 AM2 min read

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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

Universal Technical Institute (UTI)

Universal Technical Institute, Inc. (UTI) is a leading provider of post-secondary education in the United States offering degree, diploma and certificate programs in the fields of professional automotive, diesel, collision repair, motorcycle and marine.

UTI boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #2 (Buy) rating. Shares of Universal Technical Institute has seen some interesting price action recently; the stock is down 3.8% over the past one week and up 0.4% over the past four weeks. And in the last one-year period, UTI has gained 157.2%. As for the stock's trading volume, 552,943.13 shares on average were traded over the last 20 days.

Momentum investors also pay close attention to a company's earnings. For UTI, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $0.71 per share for 2024. UTI boasts an average earnings surprise of 49.4%.

UTI should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.

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Here's Why Universal Technical Institute (UTI) is a Strong Momentum Stock

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