On 2/29/24, Climb Global Solutions Inc (NASDAQ: CLMB) stock enjoyed a major increase of 17.0%, closing at $67.97. Moreover, trading volume in this advance was unusually high at 183% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 15.1% during the last week.
Current PriceTarget Research Rating
CLMB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Climb Global Solutions 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. Climb Global Solutions has a poor Appreciation Score of 20 but a very high Power Rating of 89, triggering the 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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