Atlanticus Holdings Corp (NASDAQ: ATLC) stock suffered a major decline of -11.2% on 8/2/24. The shares closed at $30.37. Moreover, trading volume in this decline was unusually high at 156% of normal. The stock has declined -15.6% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ATLC is expected to continue to be an important Value Builder.
Atlanticus Holdings has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Atlanticus Holdings has a very high Appreciation Score of 94 but a neutral Power Rating of 47, with the Positive Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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