Pure Cycle Corp (NASDAQ: PCYO) has recently enjoyed meaningful positive changes in fundamentals: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Significant positive changes in investment behavior have recently occurred for Pure Cycle Corp (NASDAQ: PCYO): the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Pure Cycle has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Pure Cycle has a poor Appreciation Score of 28 but a very high Power Rating of 87, leading to the Neutral Value Trend Rating.
Recent Price Action
Pure Cycle Corp (NASDAQ: PCYO) stock closed at $12.95 on 12/20/24 after a very large increase of 6.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 407% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.0% during the last week.
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