Stock Rating Downgrade
During the last several trading days the Value Trend Rating for ANSYS Inc (NASDAQ: ANSS) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 4/8/24, ANSYS Inc (NASDAQ: ANSS) stock rose modestly by 0.7%, closing at $344.10. However, this advance was accompanied by exceptionally low trading volume at 45% of normal. Relative to the market the stock has been strong over the last nine months but has declined -0.9% during the last week.
Current PriceTarget Research Rating
ANSS is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
ANSYS has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR's two proprietary measures of a stock's attractiveness. ANSYS has a poor Appreciation Score of 20 but a slightly positive Power Rating of 67, triggering the Negative Value Trend Rating.