Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Audiocodes Ltd (NASDAQ: AUDC) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Audiocodes Ltd (NASDAQ: AUDC) stock declined modestly by -1.7% on 11/15/24. The stock closed at $8.21. NORMAL trading volume accompanied the decline. The stock has declined -1.7% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Audiocodes has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Audiocodes has a neutral Appreciation Score of 57 but a poor Power Rating of 30, resulting in the Negative Value Trend Rating.
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