Alert: Negative Investment/Fundamental Signals (7/25/24)-Spok Holdings Inc (NASDAQ: SPOK)

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Spok Holdings Inc (NASDAQ: SPOK) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.

Spok Holdings Inc (NASDAQ: SPOK) suffers from important negative changes in fundamentals: the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, SPOK is expected to continue to be an important Value Builder.

Spok Holdings has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Spok Holdings has a slightly negative Power Rating of 34 and a poor Appreciation Score of 22, with the Lowest Value Trend Rating the result.

Recent Price Action

Spok Holdings Inc (NASDAQ: SPOK) stock suffered a large decline of -6.5% on 7/25/24. The stock closed at $15.39. Moreover, exceptionally high trading volume at 240% of normal accompanied the decline. The stock has declined -5.8% during the last week and has been weak relative to the market over the last nine months.

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