Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Activision Blizzard Inc (NASDAQ: ALIM) improved of late. ALIM’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Activision Blizzard Inc (NASDAQ: ALIM) stock closed at $5.56 on 7/29/24 after a slight decline of -0.2%. Moreover, trading volume in this decline was exceptionally high at 418% of normal. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ALIM is expected to be a major Value Builder.
Alimera Sciences has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Alimera Sciences has a poor Appreciation Score of 20 but a slightly positive Power Rating of 67, triggering the Low Neutral Value Trend Rating.
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