Recent extremely meaningful negative changes in investment behavior have impacted Horizon Technology Finance Corp (NASDAQ: HRZN): its longer term price trend turned down, its shorter term price trend turned down, and the stock fell on very heavy volume.
Horizon Technology Finance Corp (NASDAQ: HRZN) has recently experienced slight negative changes in fundamentals: 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
HRZN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Horizon Technology Finance has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Horizon Technology Finance has a slightly positive Appreciation Score of 60 and a good Power Rating of 78, resulting in the Positive Value Trend Rating.
Recent Price Action
On 2/29/24, Horizon Technology Finance Corp (NASDAQ: HRZN) stock declined by -2.1%, closing at $11.94. Moreover, this decline was accompanied by exceptionally high trading volume at 288% of normal. Relative to the market the stock has been strong over the last nine months but has declined -9.5% during the last week.
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