Recent extremely meaningful positive changes in investment behavior have benefitted ORANGE (NYSE: ORAN): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
ORANGE (NYSE: ORAN) has recently enjoyed important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ORAN is expected to continue to be an important Value Builder.
ORANGE has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ORANGE has a very high Appreciation Score of 86 but a slightly negative Power Rating of 34, with the High Neutral Value Trend Rating the result.
Recent Price Action
ORANGE (NYSE: ORAN) stock closed at $11.69 on 5/17/24 after a slight decline of -0.2%. However, trading volume in this decline was unusually low at 63% of normal. Relative to the market the stock has been weak over the last nine months but has risen 2.8% during the last week.
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