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Here's Why Ryanair (RYAAY) is a Strong Momentum Stock

Zacks Equity Research
·2-min read

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.

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Ryanair (RYAAY)

Ryanair Holdings is the parent company of Ryanair Designated Activity Company (formerly known as Ryanair Limited). Ryanair, which commenced its flight operations in 1985, is based in headquartered in Swords, Ireland.

RYAAY sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of B. The stock is up 1.2% and up 5.8% over the past one-week and four-week period, respectively, and Ryanair has gained 16.8% in the last one-year period as well. Additionally, an average of 333,347.09 shares were traded over the last 20 trading sessions.

Momentum investors also pay close attention to a company's earnings. For RYAAY, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.12 to $6.29 per share for 2023. RYAAY boasts an average earnings surprise of 7.5%.

RYAAY 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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Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research