Extremely important negative changes in investment behavior have recently occurred for Anterix Inc (NASDAQ: ATEX): negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Anterix Inc (NASDAQ: ATEX). Marginal negative changes in fundamentals have recently occurred: the stock’s power rating fell below 50.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, ATEX is expected to continue to be Value Creation neutral.
Anterix has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Anterix has a neutral Power Rating of 42 but a very low Appreciation Score of 6, triggering the Lowest Value Trend Rating.
Recent Price Action
Anterix Inc (NASDAQ: ATEX) stock declined by -2.2% on 4/30/24. The shares closed at $31.52. Moreover, trading volume in this decline was exceptionally high at 218% of normal. The stock has performed in line with the market over the last nine months and has declined -0.8% during the last week.
Be the first to comment