Recent exceptional positive changes in investment behavior have benefitted Formula Systems (1985) Ltd (NASDAQ: FORTY): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Minimal positive changes in fundamentals have recently occurred for Formula Systems (1985) Ltd (NASDAQ: FORTY): the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. 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 above the cost of capital, FORTY is expected to continue to be a Value Builder.
Formula Systems (1985) has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Formula Systems (1985) has a neutral Appreciation Score of 46 but a good Power Rating of 74, producing the High Neutral Value Trend Rating.
Recent Price Action
Formula Systems (1985) Ltd (NASDAQ: FORTY) stock closed at $79.39 on 7/15/24 after a modest gain of 0.8%. However, exceptionally low trading volume at 0% of normal accompanied the advance. The stock has risen 7.1% during the last week and has been strong relative to the market over the last nine months.
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