On 7/12/24, Formula Systems (1985) Ltd (NASDAQ: FORTY) stock enjoyed a major increase of 10.3%, closing at $78.76. However, trading volume in this advance was exceptionally low at 0% of normal. Relative to the market the stock has been strong over the last nine months and has risen 10.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FORTY is expected to continue to be a Value Builder.
Formula Systems (1985) has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Formula Systems (1985) has a neutral Appreciation Score of 46 but a good Power Rating of 74, resulting in the High Neutral Value Trend Rating.
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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