Great Ajax Corp (NYSE: AJX) stock closed at $4.28 on 2/27/24 after a major decline of -13.9%. Moreover, this decline was accompanied by unusually high trading volume at 182% of normal. The stock has declined -9.7% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
AJX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Great Ajax has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Great Ajax has a very high Appreciation Score of 91 but a slightly negative Power Rating of 31, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative 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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