Stock Rating Upgrade
The Value Trend Rating for Computer Programs and Systems In (NASDAQ: CPSI) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/1/24, Computer Programs and Systems In (NASDAQ: CPSI) stock enjoyed a large increase of 2.0%, closing at $8.06. However, this advance was accompanied by unusually low trading volume at 51% of normal. Relative to the market the stock has been extremely weak over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
CPSI is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Computer Programs and Systems In has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Computer Programs and Systems In has a very high Appreciation Score of 87 but a very low Power Rating of 1, triggering the Low Neutral Value Trend Rating.
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