On 5/2/24, Climb Global Solutions Inc (NASDAQ: CLMB) stock suffered a major decline of -10.5%, closing at $59.09. Moreover, this decline was accompanied by exceptionally high trading volume at 457% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -11.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CLMB is expected to continue to be a Value Builder.
Climb Global Solutions has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Climb Global Solutions has a slightly negative Appreciation Score of 31 but a very high Power Rating of 95, with the Positive Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment