Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Brightcove Inc (NASDAQ: BCOV) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 4/1/21, Brightcove Inc (NASDAQ: BCOV) stock enjoyed a very large increase of 5.8%, closing at $21.29. However, this advance was accompanied by unusually low trading volume at 57% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BCOV is expected to continue to be a major Value Builder.
Brightcove has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Brightcove has a slightly negative Appreciation Score of 34 but a very high Power Rating of 89, producing the Positive Value Trend Rating.