Sangoma Technologies Corporation (NASDAQ: SANG) stock suffered a major decline of -14.3% on 8/5/24. The shares closed at $4.33. However, trading volume in this decline was exceptionally low at -99999% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -15.9% during the last week.
Current PriceTarget Research Rating
SANG is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Sangoma Technologies has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Sangoma Technologies has a slightly positive Appreciation Score of 68 and a very high Power Rating of 89, triggering the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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