Stock Rating Upgrade
In the last week the Value Trend Rating for Audiocodes Ltd (NASDAQ: AUDC) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 11/8/24, Audiocodes Ltd (NASDAQ: AUDC) stock declined by -2.8%, closing at $8.12. This decline was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months and has declined -11.8% during the last week.
Current PriceTarget Research Rating
AUDC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Audiocodes has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Audiocodes has a slightly positive Appreciation Score of 63 but a poor Power Rating of 30, with the Low Neutral Value Trend Rating the result.
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