CoreCard Corporation (NYSE: CCRD) stock closed at $13.14 on 4/16/24 after a major increase of 23.7%. Moreover, trading volume in this advance was exceptionally high at 288% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 16.8% during the last week.
Current PriceTarget Research Rating
CCRD’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a modest Value Eraser.
CoreCard has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. CoreCard has a very low Appreciation Score of 14 and a very low Power Rating of 5, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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