On 7/23/24, Sangoma Technologies Corporation (NASDAQ: SANG) stock enjoyed a major increase of 10.5%, closing at $5.53. Moreover, this advance was accompanied by exceptionally high trading volume at 203% of normal. The stock has risen 14.9% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SANG is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Sangoma Technologies has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Sangoma Technologies has a good Appreciation Score of 72 and a very high Power Rating of 99, and the Highest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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