Recent exceptional negative changes in investment behavior have affected Perficient Inc (NASDAQ: PRFT): negative upside/downside volume developed, and the stock fell on very heavy volume.
Perficient Inc (NASDAQ: PRFT) suffers from important negative changes in fundamentals: significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to 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, PRFT is expected to continue to be a major Value Builder.
Perficient has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Perficient has a neutral Power Rating of 40 and a slightly negative Appreciation Score of 35, producing the Negative Value Trend Rating.
Recent Price Action
On 3/26/24, Perficient Inc (NASDAQ: PRFT) stock declined by -2.2%, closing at $53.33. Moreover, trading volume in this decline was exceptionally high at 391% of normal. Relative to the market the stock has been weak over the last nine months and has declined -11.4% during the last week.
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