Stock Rating Upgrade
In the last week the Value Trend Rating for Formula Systems (1985) Ltd (NASDAQ: FORTY) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Formula Systems (1985) Ltd (NASDAQ: FORTY) stock closed at $83.09 on 4/8/24 after a very large increase of 6.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 453% of normal. The stock has performed in line with the market over the last nine months and has risen 3.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FORTY is expected to continue to be a Value Builder.
Formula Systems (1985) has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Formula Systems (1985) has a neutral Power Rating of 47 and a neutral Appreciation Score of 45, resulting in the Low Neutral Value Trend Rating.
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