Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Atlanticus Holdings Corp (NASDAQ: ATLC) weakened in the last week. ATLC’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Atlanticus Holdings Corp (NASDAQ: ATLC) stock closed at $30.47 on 8/9/24 after a modest decline of -1.1%. However, exceptionally low trading volume at 34% of normal accompanied the decline. The stock has declined -10.9% 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Atlanticus Holdings has a very high Appreciation Score of 94 but a poor Power Rating of 27, triggering the High Neutral Value Trend Rating.
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