Varonis Systems Inc (NASDAQ: VRNS) stock closed at $52.48 on 10/30/24 after a major decline of -10.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 389% of normal. The stock has declined -10.1% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, VRNS is expected to be a modest Value Builder.
Varonis Systems has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Varonis Systems has a very low Appreciation Score of 7 but a good Power Rating of 71, triggering the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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