Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Formula Systems (1985) Ltd (NASDAQ: FORTY) weakened during the last several trading days. FORTY’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Formula Systems (1985) Ltd (NASDAQ: FORTY) stock declined slightly by -0.2% on 8/9/24. The stock closed at $75.69. Moreover, exceptionally high trading volume at 445% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 0.9% 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Formula Systems (1985) has a neutral Appreciation Score of 46 but a good Power Rating of 76, resulting in the High Neutral Value Trend Rating.
Be the first to comment