Recent extremely meaningful negative changes in investment behavior have impacted ScanSource Inc (NASDAQ: SCSC): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
ScanSource Inc (NASDAQ: SCSC) has recently experienced minimal negative changes in fundamentals: significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SCSC is expected to continue to be a Value Builder.
ScanSource has a current Value Trend Rating of C (High Neutral). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ScanSource has a neutral Appreciation Score of 54 but a good Power Rating of 70, and the High Neutral Value Trend Rating results.
Recent Price Action
ScanSource Inc (NASDAQ: SCSC) stock declined slightly by -0.7% on 10/25/24. The stock closed at $44.87. However, below average trading volume at 79% of normal accompanied the decline. The stock has declined -9.8% during the last week but has been strong relative to the market over the last nine months.
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