Alert: Major Price Decline (11/22/24)-American Software Inc (NASDAQ: AMSWA).

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On 11/22/24, American Software Inc (NASDAQ: AMSWA) stock suffered a major decline of -13.0%, closing at $9.74. Moreover, trading volume in this decline was exceptionally high at 647% of normal. The stock has declined -14.6% during the last week and has performed in line with the market over the last nine months.

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Current PriceTarget Research Rating

American Software has a current Value Trend Rating of D (Negative). This VT Rating improved modestly in recent days from F previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. American Software has a neutral Power Rating of 44 but a poor Appreciation Score of 21, producing 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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