On 11/7/24, TriplePoint Venture Growth BDC C (NYSE: TPVG) stock enjoyed a major increase of 10.7%, closing at $7.54. Moreover, exceptionally high trading volume at 304% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 13.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, TPVG is expected to continue to be an important Value Builder.
TriplePoint Venture Growth BDC C 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. TriplePoint Venture Growth BDC C has a good Appreciation Score of 76 but a very low Power Rating of 7, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive 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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