Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Horizon Technology Finance Corp (NASDAQ: HRZN) weakened during the last several trading days. HRZN’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Horizon Technology Finance Corp (NASDAQ: HRZN) stock enjoyed a large increase of 3.0% on 5/1/24. The stock closed at $11.79. Moreover, this advance was accompanied by above average trading volume at 128% of normal. The stock has performed in line with the market over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
HRZN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Horizon Technology Finance has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Horizon Technology Finance has a neutral Appreciation Score of 49 and a slightly negative Power Rating of 35, and the Negative Value Trend Rating results.
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