Stock Rating Upgrade
In the last week the Value Trend Rating for Great Ajax Corp (NYSE: AJX) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Great Ajax Corp (NYSE: AJX) stock closed at $3.63 on 5/3/24 after a decline of -2.7%. However, trading volume in this decline was exceptionally low at 45% of normal. The stock has risen 5.5% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AJX is expected to continue to be a modest Value Builder.
Great Ajax has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Great Ajax has a very high Appreciation Score of 87 but a very low Power Rating of 14, triggering the Neutral Value Trend Rating.
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