Extremely important negative changes in investment behavior have recently occurred for Horizon Technology Finance Corp (NASDAQ: HRZN): its longer term price trend turned down, its shorter term price trend turned down, and negative upside/downside volume developed.
Horizon Technology Finance Corp (NASDAQ: HRZN). Small negative changes in fundamentals have recently occurred: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
HRZN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Horizon Technology Finance has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Horizon Technology Finance has a neutral Appreciation Score of 49 but a poor Power Rating of 19, producing the Negative Value Trend Rating.
Recent Price Action
Horizon Technology Finance Corp (NASDAQ: HRZN) stock increased 1.4% on 8/9/24. The shares closed at $11.45. However, trading volume in this advance was below average at 73% of normal. Relative to the market the stock has been weak over the last nine months and has declined -1.4% during the last week.
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