Widepoint Corp (NYSEAMERICAN: WYY) stock enjoyed a major increase of 15.2% on 10/11/24. The shares closed at $3.90. Moreover, exceptionally high trading volume at 444% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 14.4% during the last week.
Current PriceTarget Research Rating
WYY’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.
Widepoint has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Widepoint has a very low Appreciation Score of 8 but a very high Power Rating of 87, and the Low Neutral Value Trend Rating results.
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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