Sangoma Technologies Corporation (NASDAQ: SANG) stock enjoyed a major increase of 13.2% on 9/16/24. The shares closed at $5.89. Moreover, trading volume in this advance was exceptionally high at 281% of normal. The stock has risen 12.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SANG is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Sangoma Technologies has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Sangoma Technologies has a slightly positive Appreciation Score of 69 and a very high Power Rating of 91, and the Highest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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