Recent exceptional positive changes in investment behavior have benefitted CoreCard Corporation (NYSE: CCRD): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and its shorter term price trend turned up.
Positive development: the consensus estimate for December, 2024 increased significantly. Negative development: significant quarterly sales deceleration 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
Reflecting future returns on capital that are forecasted to be below the cost of capital, CCRD is expected to be a modest Value Eraser.
CoreCard has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. CoreCard has a poor Appreciation Score of 21 but a slightly positive Power Rating of 68, producing the Low Neutral Value Trend Rating.
Recent Price Action
On 9/11/24, CoreCard Corporation (NYSE: CCRD) stock increased 1.7%, closing at $14.84. However, trading volume in this advance was unusually low at 62% of normal. Relative to the market the stock has been strong over the last nine months and has risen 6.0% during the last week.
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