Extremely significant negative changes in NICE Ltd (NASDAQ: NICE) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, its longer term price trend turned down, and negative upside/downside volume developed.
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
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. NICE has a slightly negative Appreciation Score of 35 but a very high Power Rating of 86, producing the High Neutral Value Trend Rating.
Recent Price Action
On 5/17/24, NICE Ltd (NASDAQ: NICE) stock declined by -2.5%, closing at $193.55. Moreover, trading volume in this decline was exceptionally high at 326% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -13.1% during the last week.
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