ANSYS Inc (NASDAQ: ANSS) has recently experienced extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
ANSYS Inc (NASDAQ: ANSS) suffers from slight negative changes in fundamentals: significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
ANSS is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
ANSYS has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ANSYS has a poor Appreciation Score of 21 but a slightly positive Power Rating of 69, and the Low Neutral Value Trend Rating results.
Recent Price Action
ANSYS Inc (NASDAQ: ANSS) stock closed at $314.53 on 5/2/24 after a decline of -2.2%. Moreover, this decline was accompanied by exceptionally high trading volume at 252% of normal. The stock has declined -4.3% during the last week but has been strong relative to the market over the last nine months.
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