Stock Rating Downgrade
The Value Trend Rating for Suro Capital Corp (NASDAQ: SSSS) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 4/12/24, Suro Capital Corp (NASDAQ: SSSS) stock declined slightly by -1.0%, closing at $3.98. However, this decline was accompanied by exceptionally low trading volume at 23% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, SSSS is expected to continue to be Value Creation neutral.
Suro Capital 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 highly consistent signals. Suro Capital has a neutral Appreciation Score of 56 and a neutral Power Rating of 60, producing the High Neutral Value Trend Rating.
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