Recent exceptional negative changes in fundamentals have affected Audiocodes Ltd (NASDAQ: AUDC): the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Important negative changes in Audiocodes Ltd (NASDAQ: AUDC) investment behavior have recently occurred: 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
AUDC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Audiocodes has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Audiocodes has a neutral Power Rating of 49 and a neutral Appreciation Score of 47, leading to the Low Neutral Value Trend Rating.
Recent Price Action
Audiocodes Ltd (NASDAQ: AUDC) stock declined slightly by -0.5% on 6/7/24. The stock closed at $9.99. However, unusually low trading volume at 57% of normal accompanied the decline. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.
Be the first to comment