ScanSource Inc (NASDAQ: SCSC) stock enjoyed a major increase of 13.0% on 11/6/24. The shares closed at $50.41. Moreover, trading volume in this advance was unusually high at 161% of normal. The stock has risen 10.7% during the last week and has been strong relative to the market over the last nine months.
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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ScanSource has a neutral Appreciation Score of 55 and a slightly positive Power Rating of 63, leading to the High 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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