On 4/8/24, Model N Inc (NYSE: MODN) stock enjoyed a major increase of 10.1%, closing at $29.82. Moreover, this advance was accompanied by exceptionally high trading volume at 1948% of normal. The stock has risen 4.7% during the last week but has been weak 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, MODN is expected to continue to be a major Value Builder.
Model N has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Model N has a neutral Power Rating of 42 and a slightly negative Appreciation Score of 32, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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