Stock Rating Downgrade
The Value Trend Rating for Atlanticus Holdings Corp (NASDAQ: ATLC) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Atlanticus Holdings Corp (NASDAQ: ATLC) stock closed at $28.68 on 4/8/24 after a slight decline of -0.6%. However, unusually low trading volume at 54% of normal accompanied the decline. The stock has declined -3.1% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ATLC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Atlanticus Holdings has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Atlanticus Holdings has a very high Appreciation Score of 95 but a poor Power Rating of 30, with the High Neutral Value Trend Rating the result.
Be the first to comment