Extremely significant negative changes in Audiocodes Ltd (NASDAQ: AUDC) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Recent meaningful negative changes in fundamentals have affected Audiocodes Ltd (NASDAQ: AUDC): significant quarterly sales deceleration occurred, 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
AUDC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Audiocodes 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. Audiocodes has a poor Appreciation Score of 28 but a good Power Rating of 77, resulting in the Neutral Value Trend Rating.
Recent Price Action
Audiocodes Ltd (NASDAQ: AUDC) stock closed at $10.85 on 4/16/24 after being unchanged was unchanged. Moreover, above average trading volume at 133% of normal accompanied the flat performance. The stock has declined -14.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
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