TriplePoint Venture Growth BDC C (NYSE: TPVG) stock suffered a major decline of -12.3% on 3/7/24. The shares closed at $9.53. Moreover, this decline was accompanied by exceptionally high trading volume at 974% of normal. The stock has performed in line with the market over the last nine months and has declined -11.3% during the last week.
Current PriceTarget Research Rating
TPVG is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
TriplePoint Venture Growth BDC C has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TriplePoint Venture Growth BDC C has a good Appreciation Score of 76 but a neutral Power Rating of 48, leading to the High Neutral Value Trend Rating.
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.
Be the first to comment