Audiocodes Ltd (NASDAQ: AUDC) suffers from exceptional negative changes in investment behavior: its longer term price trend turned down, and negative upside/downside volume developed.
Recent notable negative changes in fundamentals have impacted 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 an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Audiocodes has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Audiocodes has a neutral Appreciation Score of 43 but a good Power Rating of 73, triggering the High Neutral Value Trend Rating.
Recent Price Action
Audiocodes Ltd (NASDAQ: AUDC) stock rose modestly by 0.3% on 5/9/24. The stock closed at $9.91. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months but has declined -9.7% during the last week.
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