Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Acacia Research Corp (NASDAQ: ACTG) rose significantly of late. ACTG’s current Value Trend Rating is A and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/19/24, Acacia Research Corp (NASDAQ: ACTG) stock rose modestly by 0.8%, closing at $4.88. However, this advance was accompanied by exceptionally low trading volume at 48% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.4% during the last week.
Current PriceTarget Research Rating
ACTG is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Acacia Research has a current Value Trend Rating of A (Highest Rating). This VT Rating rose significantly in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Acacia Research has a good Appreciation Score of 71 and a very high Power Rating of 87, leading to the Highest Value Trend Rating.
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