Recent exceptional positive changes in investment behavior have benefitted Pure Cycle Corp (NASDAQ: PCYO): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent slight positive changes in fundamentals have benefitted Pure Cycle Corp (NASDAQ: PCYO): significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, PCYO is expected to continue to be Value Creation neutral.
Pure Cycle has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Pure Cycle has a poor Power Rating of 26 and a very low Appreciation Score of 14, with the Lowest Value Trend Rating the result.
Recent Price Action
Pure Cycle Corp (NASDAQ: PCYO) stock enjoyed a very large increase of 7.0% on 7/11/24. The shares closed at $10.00. Moreover, trading volume in this advance was exceptionally high at 367% of normal. The stock has been weak relative to the market over the last nine months but has risen 7.1% during the last week.
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