On 8/28/24, Ooma Inc (NYSE: OOMA) stock enjoyed a major increase of 24.9%, closing at $10.97. Moreover, trading volume in this advance was exceptionally high at 427% of normal. Relative to the market the stock has been weak over the last nine months but has risen 27.1% during the last week.
Current PriceTarget Research Rating
OOMA is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Ooma has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ooma has a neutral Appreciation Score of 49 but a poor Power Rating of 19, resulting in the Negative Value Trend Rating.
Rating Review
In light of this very positive 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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