Recent exceptional positive changes in investment behavior have benefitted Crexendo Inc (NASDAQ: CXDO): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Crexendo Inc (NASDAQ: CXDO) has benefited from meaningful positive changes in fundamentals: significant quarterly sales acceleration occurred, and the consensus estimate for December, 2023 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CXDO is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Crexendo has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Crexendo has a very low Appreciation Score of 14 but a very high Power Rating of 87, triggering the Neutral Value Trend Rating.
Recent Price Action
Crexendo Inc (NASDAQ: CXDO) stock enjoyed a large increase of 3.0% on 12/4/23. The stock closed at $3.40. Moreover, exceptionally high trading volume at 261% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 7.6% during the last week.
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