Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Shutterstock Inc (NYSE: SSTK) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Shutterstock Inc (NYSE: SSTK) stock closed at $47.42 on 3/18/24 after a decline of -2.4%. NORMAL trading volume accompanied the decline. The stock has declined -5.9% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SSTK'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.
Shutterstock has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing contradictory signals. Shutterstock has a slightly negative Appreciation Score of 38 but a slightly positive Power Rating of 64, resulting in the Neutral Value Trend Rating.