EVERQUOTE INC - CLASS A (NASDAQ:EVER) is a candidate for high growth investors. Here's why.

Our stock screener has spotted EVERQUOTE INC - CLASS A (NASDAQ:EVER) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NASDAQ:EVER.

Zooming in on the technicals.

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Overall EVER gets a technical rating of 10 out of 10. Both in the recent history as in the last year, EVER has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, EVER did better than 95% of all other stocks.
• EVER is part of the Interactive Media & Services industry. There are 71 other stocks in this industry. EVER outperforms 94% of them.
• EVER is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so EVER slightly outperforms the market at the moment.
• In the last month EVER has a been trading in the 19.57 - 26.99 range, which is quite wide. It is currently trading near the high of this range.

Our latest full technical report of EVER contains the most current technical analsysis.

How does the Setup look for EVER

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for EVER is 7:

EVER has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 26.48, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EVER in the last couple of days, which is a good sign.

What matters for high growth investors.

To evaluate a stock's growth potential, ChartMill utilizes a High Growth Momentum Rating (HGM) on a scale of 0 to 10. This assessment considers various growth and profitability aspects, like EPS and revenue growth, accelleration, surprises and revisions. EVER has achieved a 8 out of 10:

Explosive Earnings Growth

• EVER has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 274.0% increase. This indicates improving financial performance and the company's effective management of its operations.
• Accelerating EPS growth for EVER: the current Q2Q growth of 274.0% exceeds the previous quarter Q2Q growth of 136.0%.
• EVER has experienced 161.0% growth in EPS over a 12 month period, demonstrating its ability to generate sustained and positive earnings momentum.
• EVER has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 165.0%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
• The sales growth of EVER is accelerating: the current Q2Q growth of 165.0% is above the previous quarter Q2Q growth of 163.0%. Sales momentum and acceleration are key for high growth systems.
• Sales growth accelerated for 3 quarters in a row.
• EVER has demonstrated strong 1-year revenue growth of 73.73%, reflecting revenue momentum and its ability to generate consistent top-line expansion. This growth underscores the company's strong market position and its potential for future success.
• The average next Quarter EPS Estimate for EVER has experienced a 99.72% change in the last 3 months, reflecting evolving expectations by analysts regarding the company's EPS performance.
• EVER has consistently surpassed EPS estimates in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.

Financial Strength & Profitability

• The operating margin of EVER has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• The free cash flow (FCF) of EVER has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• EVER has achieved an impressive Return on Equity (ROE) of 23.76%, showcasing its ability to generate favorable returns for shareholders.
• EVER has a Debt/Equity ratio of 0.0, indicating a balanced approach to financing growth.

Institutional Confidence & Market Strength

• With 82.59% of the total shares held by institutional investors, EVER showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.
• EVER has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 95.94 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.