Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for CoreCard Corporation (NYSE: CCRD) fell significantly in the last week. CCRD’s current Value Trend Rating is F and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 11/10/23, CoreCard Corporation (NYSE: CCRD) stock increased 1.7%, closing at $15.67. Relative to the market the stock has been extremely weak over the last nine months and has declined -7.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, CCRD is expected to be a modest Value Eraser.
CoreCard 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. CoreCard has a very low Power Rating of 13 and a very low Appreciation Score of 8, and the Lowest Value Trend Rating results.
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