Stock Rating Downgrade
The Value Trend Rating for Climb Global Solutions Inc (NASDAQ: CLMB) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Climb Global Solutions Inc (NASDAQ: CLMB) stock closed at $69.33 on 8/1/24 after a decline of -2.9%. However, below average trading volume at 76% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 7.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CLMB is expected to continue to be a Value Builder.
Climb Global Solutions has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Climb Global Solutions has a slightly negative Appreciation Score of 30 but a very high Power Rating of 90, and the High Neutral Value Trend Rating results.
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