Horizon Technology Finance Corp (NASDAQ: HRZN) has recently experienced meaningful negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Recent meaningful negative changes in investment behavior have impacted Horizon Technology Finance Corp (NASDAQ: HRZN): negative upside/downside volume developed.
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
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HRZN is expected to continue to be a Value Builder.
Horizon Technology Finance has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Horizon Technology Finance has a neutral Appreciation Score of 59 and a neutral Power Rating of 47, and the Neutral Value Trend Rating results.
Recent Price Action
On 3/22/24, Horizon Technology Finance Corp (NASDAQ: HRZN) stock declined modestly by -1.2%, closing at $11.21. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -2.8% during the last week.
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