WaveDancer Inc (NASDAQ: WAVD). Extremely significant negative changes in investment behavior have recently occurred: its shorter term price trend turned down, and the stock fell on very heavy volume.
Recent meaningful negative changes in fundamentals have affected WaveDancer Inc (NASDAQ: WAVD): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
WAVD’s future returns on capital are forecasted to fall short of the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.
WaveDancer has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. WaveDancer has a very low Appreciation Score of 3 but a slightly positive Power Rating of 62, producing the Negative Value Trend Rating.
Recent Price Action
WaveDancer Inc (NASDAQ: WAVD) stock closed at $6.18 on 8/20/24 after a decline of -2.1%. Moreover, trading volume in this decline was exceptionally high at 252% of normal. The stock has risen 95.0% during the last week and has been strong relative to the market over the last nine months.
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