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Are You Looking for a Top Momentum Pick? Why Weave Communications, Inc. (WEAV) is a Great Choice
WEAVWeave munications(WEAV) ZACKS·2024-12-27 18:00

Core Viewpoint - Weave Communications, Inc. (WEAV) is currently exhibiting strong momentum, with a Momentum Style Score of B, indicating potential for further price appreciation in the near term [2][11]. Price Performance - WEAV shares have increased by 4.27% over the past week, while the Zacks Communication - Network Software industry remained flat during the same period [4]. - Over the last month, WEAV's price change is 14.77%, significantly outperforming the industry's 0.2% [4]. - In the last quarter, WEAV shares have risen by 28.33%, and over the past year, they have gained 36.04%, compared to the S&P 500's increases of 5.41% and 28.01%, respectively [9]. Earnings Outlook - Recent earnings estimate revisions for WEAV show a positive trend, with 4 estimates moving higher and none lower for the full year, raising the consensus estimate from 0.00to0.00 to 0.04 in the past 60 days [13]. - For the next fiscal year, 2 estimates have increased while 1 has decreased [13]. Trading Volume - WEAV's average 20-day trading volume is 989,861 shares, which serves as a bullish indicator when combined with rising stock prices [12]. Zacks Rank and Style Score - WEAV holds a Zacks Rank of 2 (Buy), and stocks with this rating and a Momentum Style Score of A or B have historically outperformed the market over the following month [7][11].