Perion Network Ltd (NASDAQ: PERI) stock suffered a major decline of -30.1% on 6/10/24. The shares closed at $8.61. Moreover, this decline was accompanied by exceptionally high trading volume at 654% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -31.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PERI is expected to continue to be a modest Value Builder.
Perion Network has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Perion Network has a good Appreciation Score of 82 but a very low Power Rating of 8, leading to the Low 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.
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