Extremely significant negative changes in A-Mark Precious Metals Inc (NASDAQ: AMRK) investment behavior have recently occurred: its longer term price trend turned down, its shorter term price trend turned down, and negative upside/downside volume developed.
Recent small negative changes in fundamentals have affected A-Mark Precious Metals Inc (NASDAQ: AMRK): the consensus estimate for June, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
AMRK is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
A-Mark Precious Metals has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. A-Mark Precious Metals has a slightly positive Power Rating of 69 and a good Appreciation Score of 84, and the Highest Value Trend Rating results.
Recent Price Action
On 6/18/24, A-Mark Precious Metals Inc (NASDAQ: AMRK) stock enjoyed a large increase of 2.5%, closing at $33.41. However, trading volume in this advance was unusually low at 50% of normal. Relative to the market the stock has been strong over the last nine months but has declined -5.4% during the last week.
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