Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Formula Systems (1985) Ltd (NASDAQ: FORTY) improved during the last several trading days. FORTY’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/1/24, Formula Systems (1985) Ltd (NASDAQ: FORTY) stock declined by -4.4%, closing at $74.99. Moreover, exceptionally high trading volume at 427% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -12.4% during the last week.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Formula Systems (1985) has a neutral Appreciation Score of 47 but a good Power Rating of 77, producing the Positive Value Trend Rating.
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