Extremely significant negative changes in Cognizant Technology Solutions C (NASDAQ: CTSH) investment behavior have recently occurred: its longer term price trend turned down, and negative upside/downside volume developed.
Cognizant Technology Solutions C (NASDAQ: CTSH) suffers from significant negative changes in fundamentals: the stock’s power rating fell below 50, and 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
With future capital returns forecasted to exceed the cost of capital, CTSH is expected to continue to be a major Value Builder.
Cognizant Technology Solutions C has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Cognizant Technology Solutions C has a neutral Power Rating of 50 and a neutral Appreciation Score of 48, and the Neutral Value Trend Rating results.
Recent Price Action
Cognizant Technology Solutions C (NASDAQ: CTSH) stock closed at $68.86 on 5/15/24 after an increase of 1.6%. However, this advance was accompanied by below average trading volume at 73% of normal. The stock has performed in line with the market over the last nine months and has risen 1.8% during the last week.
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