Delving into NASDAQ:STEP's high Growth Prospects.

Our stock screener has detected a potential breakout setup on STEPSTONE GROUP INC-CLASS A (NASDAQ:STEP). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NASDAQ:STEP.

In-Depth Technical Analysis of NASDAQ:STEP

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Overall STEP gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• Looking at the yearly performance, STEP did better than 91% of all other stocks. We also observe that the gains produced by STEP over the past year are nicely spread over this period.
• STEP is one of the better performing stocks in the Capital Markets industry, it outperforms 93% of 220 stocks in the same industry.
• STEP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so STEP is lagging the market slightly.
• In the last month STEP has a been trading in the 56.83 - 64.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

For an up to date full technical analysis you can check the technical report of STEP

Why is NASDAQ:STEP a setup?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:STEP currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.

STEP has an excellent technical rating and 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. There is a support zone below the current price at 60.56, a Stop Loss order could be placed below this zone.

What matters for high growth investors.

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), STEPSTONE GROUP INC-CLASS A highlights its ability to generate increasing profitability, showcasing a 73.08% growth.
• STEPSTONE GROUP INC-CLASS A has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 81.36%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
• 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.
• The quarterly earnings of STEPSTONE GROUP INC-CLASS A have shown a 73.08% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• The earnings per share (EPS) growth of STEPSTONE GROUP INC-CLASS A are accelerating: the current Q2Q growth of 73.08% is above the previous year Q2Q growth of -21.21%. Earnings momentum and acceleration are key for high growth systems.
• With a solid Return on Equity (ROE) of 10.46%, STEPSTONE GROUP INC-CLASS A exemplifies its ability to generate favorable returns on shareholder investments. This metric demonstrates the company's commitment to maximizing shareholder value.
• With a Debt-to-Equity ratio at 0.43, STEPSTONE GROUP INC-CLASS A showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• With a track record of beating EPS estimates 3 times in the last 4 quarters, STEPSTONE GROUP INC-CLASS A showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• STEPSTONE GROUP INC-CLASS A has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 91.24 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. STEPSTONE GROUP INC-CLASS A is well-positioned for potential price growth opportunities.

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

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.