On 10/15/24, AppFolio Inc (NASDAQ: APPF) stock suffered a major decline of -10.8%, closing at $201.97. Moreover, this decline was accompanied by exceptionally high trading volume at 332% of normal. The stock has performed in line with the market over the last nine months and has declined -9.6% during the last week.
Current PriceTarget Research Rating
APPF is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
AppFolio 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. AppFolio has a poor Appreciation Score of 18 but a neutral Power Rating of 55, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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