Stock Rating Downgrade
The Value Trend Rating for Climb Global Solutions Inc (NASDAQ: CLMB) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 11/10/23, Climb Global Solutions Inc (NASDAQ: CLMB) stock increased 1.7%, closing at $43.28. The stock has performed in line with the market over the last nine months and has risen 3.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CLMB is expected to continue to be an important Value Builder.
Climb Global Solutions has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Climb Global Solutions has a neutral Power Rating of 48 but a poor Appreciation Score of 30, resulting in the Negative Value Trend Rating.
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