On 5/3/24, Asure Software Inc (NASDAQ: ASUR) stock suffered a major decline of -11.6%, closing at $7.04. Moreover, exceptionally high trading volume at 268% of normal accompanied the decline. 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
ASUR is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Asure Software has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Asure Software has a neutral Appreciation Score of 55 and a slightly negative Power Rating of 33, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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