Stock Rating Downgrade
The Value Trend Rating for Pure Cycle Corp (NASDAQ: PCYO) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Pure Cycle Corp (NASDAQ: PCYO) stock closed at $10.14 on 12/1/23 after an increase of 1.4%. However, trading volume in this advance was normal at 83% of normal. The stock has risen 1.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, PCYO is expected to continue to be Value Creation neutral.
Pure Cycle has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Pure Cycle has a very low Appreciation Score of 12 but a slightly positive Power Rating of 66, and the Negative Value Trend Rating results.
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