On 4/26/24, Data Storage Corp (NASDAQ: DTST) stock enjoyed a major increase of 10.6%, closing at $5.13. However, exceptionally low trading volume at 27% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 11.8% during the last week.
Current PriceTarget Research Rating
DTST’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Data Storage 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. Data Storage has a poor Appreciation Score of 19 but a very high Power Rating of 96, producing the High Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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