On 5/8/24, Crexendo Inc (NASDAQ: CXDO) stock suffered a major decline of -15.3%, closing at $3.94. Moreover, unusually high trading volume at 166% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CXDO is expected to continue to be Value Creation neutral.
Crexendo 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. Crexendo has a poor Appreciation Score of 25 but a very high Power Rating of 99, 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.
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