On 8/9/24, VirnetX Holding Corp (NYSE: VHC) stock enjoyed a major increase of 20.2%, closing at $7.75. Moreover, exceptionally high trading volume at 380% of normal accompanied the advance. The stock has risen 20.5% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
VHC’s future returns on capital are forecasted to fall short of the cost of capital. Accordingly, the company is expected to continue to be a Value Eraser.
VirnetX Holding has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. VirnetX Holding has a very high Appreciation Score of 98 but a poor Power Rating of 19, leading to 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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