Alert: Negative Investment/Fundamental Signals (8/4/20)-Boingo Wireless Inc (NASDAQ: WIFI)


Extremely important negative changes in investment behavior have recently occurred for Boingo Wireless Inc (NASDAQ: WIFI): negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.

Minimal negative changes in Boingo Wireless Inc (NASDAQ: WIFI) fundamentals have recently occurred: significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

WIFI’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a major Value Eraser.

Boingo Wireless has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Boingo Wireless has a very low Appreciation Score of 4 but a good Power Rating of 71, with the Negative Value Trend Rating the result.

Recent Price Action

Boingo Wireless Inc (NASDAQ: WIFI) stock closed at $13.04 on 8/4/20 after a large decline of -4.0%. Moreover, this decline was accompanied by exceptionally high trading volume at 217% of normal. The stock has declined -10.2% during the last week but has been exceptionally strong relative to the market over the last nine months.

About John Lafferty 83343 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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