On 6/5/24, Intellinetics Inc (NYSEAMERICAN: INLX) stock enjoyed a major increase of 24.8%, closing at $7.45. Moreover, exceptionally high trading volume at 226% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 13.2% during the last week.
Current PriceTarget Research Rating
INLX’s future returns on capital are forecasted to fall short of the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.
Intellinetics has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Intellinetics has a very low Appreciation Score of 9 but a very high Power Rating of 91, producing the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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