Spok Holdings Inc (NASDAQ: SPOK) has recently experienced extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
Recent marginal negative changes in fundamentals have impacted Spok Holdings Inc (NASDAQ: SPOK): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SPOK is expected to continue to be an important Value Builder.
Spok Holdings has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Spok Holdings has a poor Appreciation Score of 21 but a good Power Rating of 73, triggering the Low Neutral Value Trend Rating.
Recent Price Action
Spok Holdings Inc (NASDAQ: SPOK) stock closed at $14.45 on 5/2/24 after a large decline of -8.1%. Moreover, trading volume in this decline was exceptionally high at 307% of normal. The stock has been strong relative to the market over the last nine months but has declined -7.1% during the last week.
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