SWK Holdings Corp (NASDAQ: SWKH). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Small positive changes in SWK Holdings Corp (NASDAQ: SWKH) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, SWKH is expected to continue to be Value Creation neutral.
SWK Holdings has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. SWK Holdings has a slightly positive Appreciation Score of 67 and a slightly positive Power Rating of 67, producing the Positive Value Trend Rating.
Recent Price Action
SWK Holdings Corp (NASDAQ: SWKH) stock closed at $17.45 on 3/15/24 after a very large increase of 8.4%. Moreover, exceptionally high trading volume at 2026% of normal accompanied the advance. The stock has risen 7.1% during the last week and has been strong relative to the market over the last nine months.
Be the first to comment