On 3/4/24, CoreCard Corporation (NYSE: CCRD) stock suffered a major decline of -11.7%, closing at $11.30. Moreover, above average trading volume at 136% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -4.9% during the last week.
Current PriceTarget Research Rating
CCRD’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a modest Value Eraser.
CoreCard has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. CoreCard has a very low Appreciation Score of 10 and a very low Power Rating of 2, producing the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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