Crexendo Inc (NASDAQ: CXDO) stock enjoyed a major increase of 15.7% on 12/18/23. The shares closed at $3.90. Moreover, trading volume in this advance was exceptionally high at 664% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 22.6% during the last week.
Current PriceTarget Research Rating
CXDO is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Crexendo has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Crexendo has a very low Appreciation Score of 14 but a very high Power Rating of 98, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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