Consumer Portfolio Services Inc (NASDAQ: CPSS) has recently enjoyed extremely important positive changes in investment behavior: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
Positive development: significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CPSS is expected to continue to be an important Value Builder.
Consumer Portfolio Services has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Consumer Portfolio Services has a very high Appreciation Score of 93 but a slightly negative Power Rating of 33, producing the Positive Value Trend Rating.
Recent Price Action
On 6/28/24, Consumer Portfolio Services Inc (NASDAQ: CPSS) stock enjoyed a large increase of 4.9%, closing at $9.80. Moreover, this advance was accompanied by exceptionally high trading volume at 400% of normal. Relative to the market the stock has been weak over the last nine months but has risen 14.5% during the last week.
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