Intellinetics Inc (NYSEAMERICAN: INLX) stock closed at $7.19 on 3/20/24 after a major decline of -18.6%. Moreover, this decline was accompanied by exceptionally high trading volume at 280% of normal. The stock has declined -22.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
INLX is expected to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Intellinetics 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. Intellinetics has a very low Appreciation Score of 5 but a very high Power Rating of 95, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative 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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