Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for TriplePoint Venture Growth BDC C (NYSE: TPVG) weakened during the last several trading days. TPVG’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
TriplePoint Venture Growth BDC C (NYSE: TPVG) stock increased 1.6% on 5/20/24. The shares closed at $9.55. Moreover, trading volume in this advance was unusually high at 173% of normal. The stock has been weak relative to the market over the last nine months but has risen 3.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, TPVG is expected to continue to be an important Value Builder.
TriplePoint Venture Growth BDC C has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TriplePoint Venture Growth BDC C has a neutral Appreciation Score of 58 but a poor Power Rating of 27, producing the Negative Value Trend Rating.
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