Stock Rating Downgrade
In the last week the Value Trend Rating for Insight Enterprises Inc (NASDAQ: NSIT) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 3/18/24, Insight Enterprises Inc (NASDAQ: NSIT) stock declined slightly by -0.9%, closing at $184.31. However, this decline was accompanied by unusually low trading volume at 58% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.0% during the last week.
Current PriceTarget Research Rating
NSIT's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Insight Enterprises has a current Value Trend Rating of C (High Neutral). With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing very contradictory signals. Insight Enterprises has a slightly negative Appreciation Score of 32 but a very high Power Rating of 93, and the High Neutral Value Trend Rating results.