Extremely important negative changes in investment behavior have recently occurred for Simulations Plus Inc (NASDAQ: SLP): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Simulations Plus Inc (NASDAQ: SLP) suffers from minimal negative changes in fundamentals: the consensus estimate for August, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, SLP is expected to continue to be Value Creation neutral.
Simulations Plus 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. Simulations Plus has a very low Appreciation Score of 9 but a slightly positive Power Rating of 62, producing the Negative Value Trend Rating.
Recent Price Action
Simulations Plus Inc (NASDAQ: SLP) stock declined by -2.5% on 7/5/24. The shares closed at $38.89. Moreover, exceptionally high trading volume at 237% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -18.5% during the last week.
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