WhiteHorse Finance Inc (NASDAQ: WHF) suffers from exceptional negative changes in investment behavior: its longer term price trend turned down, its shorter term price trend turned down, and the stock fell on very heavy volume.
Recent important negative changes in fundamentals have impacted WhiteHorse Finance Inc (NASDAQ: WHF): the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WHF is expected to continue to be a Value Builder.
WhiteHorse Finance has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. WhiteHorse Finance has a slightly positive Appreciation Score of 61 and a neutral Power Rating of 45, resulting in the Neutral Value Trend Rating.
Recent Price Action
WhiteHorse Finance Inc (NASDAQ: WHF) stock closed at $12.20 on 3/21/24 after a decline of -4.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 246% of normal. The stock has declined -4.2% during the last week and has performed in line with the market over the last nine months.
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