Recent exceptional positive changes in investment behavior have benefitted Silvercrest Asset Management Gro (NASDAQ: SAMG): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent small positive changes in fundamentals have benefitted Silvercrest Asset Management Gro (NASDAQ: SAMG): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
SAMG is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Silvercrest Asset Management Gro has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Silvercrest Asset Management Gro has a slightly negative Power Rating of 38 and a slightly negative Appreciation Score of 32, leading to the Negative Value Trend Rating.
Recent Price Action
Silvercrest Asset Management Gro (NASDAQ: SAMG) stock closed at $16.03 on 8/26/24 after a slight gain of 0.06%. However, this advance was accompanied by unusually low trading volume at 61% of normal. The stock has risen 4.0% during the last week but has been weak relative to the market over the last nine months.
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