Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Asure Software Inc (NASDAQ: ASUR) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Asure Software Inc (NASDAQ: ASUR) stock closed at $7.46 on 5/10/24 after a modest decline of -1.2%. However, this decline was accompanied by exceptionally low trading volume at 49% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -6.3% during the last week.
Current PriceTarget Research Rating
ASUR is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Asure Software has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Asure Software has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 33, leading to the Negative Value Trend Rating.
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