Widepoint Corp (NYSEAMERICAN: WYY) stock closed at $3.87 on 6/25/24 after a major increase of 25.2%. Moreover, exceptionally high trading volume at 1239% of normal accompanied the advance. The stock has risen 28.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WYY’s future returns on capital are forecasted to fall short of the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.
Widepoint has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Widepoint has a very low Appreciation Score of 8 but a very high Power Rating of 87, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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