TrueCar Inc (NASDAQ: TRUE) stock closed at $3.35 on 3/14/24 after a major decline of -11.1%. Trading volume in this decline was normal. The stock has declined -0.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TRUE is expected to be a modest Value Builder.
TrueCar 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 very contradictory signals. TrueCar has a very low Appreciation Score of 14 but a very high Power Rating of 95, producing the 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.
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