MINISO Group Holding Limited Unsponsored ADR (MNSO) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to capitalize on established price movements for profitable trades [1] Company Overview: MINISO Group Holding Limited (MNSO) - MNSO currently holds a Momentum Style Score of A and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2] - The stock has shown significant price increases, with a 1.65% rise over the past week and a 14.16% increase over the past month, outperforming its industry [3] Price Performance - Over the past quarter, MNSO shares have risen by 45.84%, and by 43.57% over the last year, significantly outperforming the S&P 500, which increased by 3.78% and 27.1% respectively [3] Trading Volume - MNSO's average 20-day trading volume is 1,411,682 shares, which serves as a bullish indicator when combined with rising stock prices [4] Earnings Outlook - In the last two months, 2 earnings estimates for MNSO have been revised upwards, increasing the consensus estimate from $1.17 to$1.24 [5] - For the next fiscal year, 2 estimates have also moved upwards with no downward revisions, indicating positive earnings momentum [5] Conclusion - Given the strong performance metrics and positive earnings outlook, MNSO is positioned as a strong buy candidate with a Momentum Score of A [6]