On 5/16/24, NICE Ltd (NASDAQ: NICE) stock suffered a major decline of -12.9%, closing at $198.60. Moreover, this decline was accompanied by exceptionally high trading volume at 672% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -10.5% during the last week.
Current PriceTarget Research Rating
NICE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
NICE has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. NICE has a poor Appreciation Score of 28 but a very high Power Rating of 87, leading to the High 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.
Be the first to comment