Stock Rating Downgrade
In recent days the Value Trend Rating for Perion Network Ltd (NASDAQ: PERI) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 6/14/24, Perion Network Ltd (NASDAQ: PERI) stock enjoyed a large increase of 2.1%, closing at $8.61. However, trading volume in this advance was below average at 72% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -30.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PERI is expected to continue to be a modest Value Builder.
Perion Network has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Perion Network has a slightly positive Appreciation Score of 63 but a very low Power Rating of 7, and the Negative Value Trend Rating results.
Be the first to comment