WaveDancer Inc (NASDAQ: AIFF) stock closed at $4.10 on 10/16/24 after a major increase of 31.0%. Moreover, this advance was accompanied by exceptionally high trading volume at 2746% of normal. The stock has risen 30.9% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
WAVD’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 modest Value Eraser.
WaveDancer has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. WaveDancer has a very low Power Rating of 9 and a very low Appreciation Score of 8, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
Be the first to comment