On 8/21/24, WaveDancer Inc (NASDAQ: WAVD) stock suffered a major decline of -10.0%, closing at $5.56. Moreover, trading volume in this decline was exceptionally high at 289% of normal. Relative to the market the stock has been strong over the last nine months but has declined -34.1% during the last week.
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.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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