On 3/15/24, Acacia Research Corp (NASDAQ: ACTG) stock enjoyed a major increase of 16.8%, closing at $4.65. Moreover, exceptionally high trading volume at 678% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 16.0% during the last week.
Current PriceTarget Research Rating
ACTG is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Acacia Research has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Acacia Research has a neutral Appreciation Score of 43 and a slightly positive Power Rating of 65, producing the Neutral Value Trend Rating.
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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