Atlanticus Holdings Corp (NASDAQ: ATLC) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Atlanticus Holdings Corp (NASDAQ: ATLC). Significant negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ATLC is expected to continue to be an important Value Builder.
Atlanticus Holdings has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Atlanticus Holdings has a very high Appreciation Score of 90 but a slightly negative Power Rating of 39, producing the Positive Value Trend Rating.
Recent Price Action
Atlanticus Holdings Corp (NASDAQ: ATLC) stock rose slightly by 0.2% on 2/26/24. The stock closed at $33.06. However, trading volume in this advance was below average at 70% of normal. The stock has been weak relative to the market over the last nine months and has declined -4.3% during the last week.
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