Exploring NASDAQ:STEP's high growth characteristics.

Our stockscreener has identified a possible breakout setup on STEPSTONE GROUP INC-CLASS A (NASDAQ:STEP). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NASDAQ:STEP for potential opportunities.

Insights from Technical Analysis

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to STEP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STEP is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, STEP did better than 96% of all other stocks. On top of that, STEP also shows a nice and consistent pattern of rising prices.
• STEP is one of the better performing stocks in the Capital Markets industry, it outperforms 98% of 220 stocks in the same industry.
• STEP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month STEP has a been trading in the 58.27 - 70.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of STEP for a complete technical analysis.

How do we evaluate the setup for NASDAQ:STEP?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:STEP has a 8 as its setup rating, indicating its current consolidation status.

Besides having an excellent technical rating, STEP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for STEP in the last couple of days, which is a good sign.

What matters for high growth investors.

• The EPS of STEPSTONE GROUP INC-CLASS A has exhibited growth from one quarter to another (Q2Q), with a 73.08% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• The quarter-to-quarter (Q2Q) revenue growth of 81.36% of STEPSTONE GROUP INC-CLASS A has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
• With notable 1-year revenue growth of 49.36%, STEPSTONE GROUP INC-CLASS A exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• In the most recent financial report, STEPSTONE GROUP INC-CLASS A reported a 73.08% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• STEPSTONE GROUP INC-CLASS A shows accelerating EPS growth: when comparing the current Q2Q growth of 73.08% to the previous year Q2Q growth of -21.21%, we see the growth rate improving.
• STEPSTONE GROUP INC-CLASS A exhibits a strong Return on Equity (ROE) of 10.46%, indicating the company's ability to generate solid returns on shareholder investments. This metric reflects the company's efficient utilization of equity capital and its profitability.
• Maintaining a Debt-to-Equity ratio of 0.43, STEPSTONE GROUP INC-CLASS A demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• STEPSTONE GROUP INC-CLASS A exhibits a favorable ownership structure, with an institutional shareholder ownership of 63.02%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
• STEPSTONE GROUP INC-CLASS A has surpassed EPS estimates 3 times 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.
• STEPSTONE GROUP INC-CLASS A has exhibited strong Relative Strength(RS) in recent periods, with a current 96.48 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. STEPSTONE GROUP INC-CLASS A shows promising potential for continued price momentum.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.