Perion Network Ltd (NASDAQ: PERI) stock closed at $12.50 on 4/8/24 after a major decline of -40.8%. Moreover, this decline was accompanied by exceptionally high trading volume at 1506% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -44.4% during the last week.
Current PriceTarget Research Rating
PERI is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Perion Network has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Perion Network has a very high Appreciation Score of 89 but a slightly negative Power Rating of 31, producing the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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