9 Tech Stocks Near Highs With Strong Receivable Trends
By Kapitall:Do you consider a stock's sales trends when evaluating its prospects? Most companies earn the majority of their profits from sales, so a sales analysis should be high on your list. With this idea in mind, we ran a screen.We began by screening the tech sector for stocks that have strong upward momentum, trading within 5% of their 52-week high.We then screened for those stocks with strong sales trends, comparing growth in revenue to growth in accounts receivable. Since accounts receivable is the portion of revenue not yet received, and there is no guarantee the money will ever be received, the smaller the portion of revenue made up of receivables the healthier the company's revenue.We screened for stocks seeing faster growth in revenue than accounts receivable year-over-year, as well as accounts receivable comprising a smaller portion of current assets over the same time period.
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