Simulations Plus Inc (NASDAQ: SLP) stock suffered a major decline of -14.9% on 7/3/24. The shares closed at $39.89. Moreover, trading volume in this decline was exceptionally high at 354% of normal. The stock has declined -16.4% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, SLP is expected to continue to be Value Creation neutral.
Simulations Plus has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Simulations Plus has a very low Appreciation Score of 8 but a slightly positive Power Rating of 67, triggering the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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