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Intellicheck Mobilisa Shows Strong Momentum with Solid Buy Score

Intellicheck Mobilisa, Inc. (IDN) demonstrates robust momentum after a remarkable price surge of nearly 81% over the past quarter, supported by positive earnings estimate revisions. This stock is rated #2 (Buy) and holds a Momentum Score of A, suggesting it could outperform the market in the near term.

Date: 
AI Rating:   8

Momentum Investing Highlights
Intellicheck Mobilisa, Inc. (IDN) stands out as a high-performing stock, particularly noted for its strong price momentum. Over the past week, IDN's shares increased by 35.8%, showcasing robust investor interest and bullish behavior, especially against the broader Zacks Security and Safety Services industry, which declined by 2.97% during the same period.

Over the past month, the performance of IDN has been exceptional, with a total price change of 76.54%, outperforming the industry's modest growth of 5.66%. Looking back over the quarter, IDN shares surged by 80.71%, compared to the S&P 500's decline of 3.17%. This drastic upward movement highlights the stock's strong momentum characteristics, making IDN an attractive consideration for investors looking for stocks that exhibit strong performance relative to the broader market.

Earnings Outlook and Estimates
Regarding earnings estimates, IDN has also seen supportive movements. In recent months, two earnings estimates for the current fiscal year improved, while none were downgraded, which contributed to a positive consensus estimate revision from -$0.03 to -$0.01. This upward revision indicates a positive sentiment surrounding the company's earnings potential moving forward. The next fiscal year's estimates also showed a similar trend, where two estimates were revised upward without any downward revisions.

The momentum style score of A, combined with the Zacks Rank of #2 (Buy), reflects a potential for IDN to outperform the market based on empirical data showing that stocks rated #1 (Strong Buy) and #2 (Buy) with high style scores often yield better results over one-month and three-month periods. Thus, IDN emerges as a reliable pick for investors aiming for short-term gains.