Horizon Technology Finance Corp (NASDAQ: HRZN) suffers from extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.
Recent notable negative changes in fundamentals have impacted Horizon Technology Finance Corp (NASDAQ: HRZN): the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
HRZN is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Horizon Technology Finance has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Horizon Technology Finance has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 60, triggering the High Neutral Value Trend Rating.
Recent Price Action
Horizon Technology Finance Corp (NASDAQ: HRZN) stock declined by -2.3% on 3/12/24. The shares closed at $11.70. Moreover, exceptionally high trading volume at 252% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -1.9% during the last week.
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