On 11/6/24, Climb Global Solutions Inc (NASDAQ: CLMB) stock enjoyed a major increase of 11.8%, closing at $122.42. Moreover, unusually high trading volume at 151% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 15.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CLMB is expected to continue to be a Value Builder.
Climb Global Solutions has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Climb Global Solutions has a poor Appreciation Score of 23 but a very high Power Rating of 97, and the High 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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