Recent extremely meaningful positive changes in investment behavior have benefitted ORANGE (NYSE: ORAN): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
ORANGE (NYSE: ORAN) has recently enjoyed slight positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ORAN is expected to continue to be an important Value Builder.
ORANGE has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ORANGE has a very high Appreciation Score of 87 but a poor Power Rating of 26, triggering the Neutral Value Trend Rating.
Recent Price Action
ORANGE (NYSE: ORAN) stock rose modestly by 0.6% on 8/21/24. The stock closed at $11.42. However, exceptionally low trading volume at 42% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 1.8% during the last week.
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