Extremely significant negative changes in PRA Group Inc (NASDAQ: PRAA) investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.
Recent notable negative changes in fundamentals have affected PRA Group Inc (NASDAQ: PRAA): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
PRAA is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
PRA Group has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. PRA Group has a slightly positive Appreciation Score of 61 and a very high Power Rating of 89, producing the Highest Value Trend Rating.
Recent Price Action
PRA Group Inc (NASDAQ: PRAA) stock closed at $24.50 on 3/12/24 after a decline of -2.5%. However, this decline was accompanied by unusually low trading volume at 55% of normal. The stock has declined -1.3% during the last week but has been strong relative to the market over the last nine months.
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