Extremely important positive changes in investment behavior have recently occurred for Perma Fix Environmental Services (NASDAQ: PESI): the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.
Important positive changes in Perma Fix Environmental Services (NASDAQ: PESI) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
PESI is expected to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Perma Fix Environmental Services has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Perma Fix Environmental Services has a very low Appreciation Score of 7 but a good Power Rating of 81, with the Low Neutral Value Trend Rating the result.
Recent Price Action
On 7/19/24, Perma Fix Environmental Services (NASDAQ: PESI) stock declined by -2.5%, closing at $9.80. However, exceptionally low trading volume at 40% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 10.1% during the last week.
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