Performant Financial Corp (NASDAQ: PFMT) stock suffered a major decline of -15.0% on 11/7/24. The shares closed at $3.64. Moreover, trading volume in this decline was exceptionally high at 319% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PFMT is expected to be a Value Builder.
Performant Financial has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Performant Financial has a very low Appreciation Score of 9 but a good Power Rating of 84, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this highly negative 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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