Manhattan Associates Inc (NASDAQ: MANH) stock closed at $206.32 on 4/24/24 after a major decline of -10.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 381% of normal. The stock has declined -10.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MANH’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Manhattan Associates has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Manhattan Associates has a very low Appreciation Score of 13 but a good Power Rating of 83, producing the Low Neutral Value Trend Rating.
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.
Be the first to comment