Alert: Major Price Advance (9/20/24)-Intellinetics Inc (NYSEAMERICAN: INLX).

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Intellinetics Inc (NYSEAMERICAN: INLX) stock closed at $11.50 on 9/20/24 after a major increase of 21.7%. Moreover, trading volume in this advance was exceptionally high at 436% of normal. The stock has risen 22.2% during the last week and has been exceptionally strong relative to the market over the last nine months.

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Current PriceTarget Research Rating

INLX’s future returns on capital are forecasted to fall short of the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.

Intellinetics has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Intellinetics has a very low Appreciation Score of 6 but a very high Power Rating of 86, leading to the Low Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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