Sangoma Technologies Corporation (NASDAQ: SANG) stock closed at $4.65 on 3/8/24 after a major increase of 16.2%. Moreover, trading volume in this advance was exceptionally high at 579% of normal. The stock has been weak relative to the market over the last nine months but has risen 19.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, SANG is expected to continue to be a modest Value Eraser.
Sangoma Technologies has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Sangoma Technologies has a good Appreciation Score of 72 but a neutral Power Rating of 40, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive 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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