Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Great Ajax Corp (NYSE: AJX) improved recently. AJX's current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 11/17/23, Great Ajax Corp (NYSE: AJX) stock enjoyed a large increase of 2.7%, closing at $4.56. Relative to the market the stock has been weak over the last nine months but has risen 5.1% during the last week.
Current PriceTarget Research Rating
AJX's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Great Ajax has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock's attractiveness. Great Ajax has a very high Appreciation Score of 91 but a slightly negative Power Rating of 36, with the Positive Value Trend Rating the result.