Stock Rating Upgrade
In the last week the Value Trend Rating for Atlanticus Holdings Corp (NASDAQ: ATLC) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Atlanticus Holdings Corp (NASDAQ: ATLC) stock rose modestly by 0.8% on 5/3/24. The stock closed at $27.03. Trading volume in this advance was normal. The stock has been weak relative to the market over the last nine months but has risen 3.6% during the last week.
Current PriceTarget Research Rating
ATLC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Atlanticus Holdings has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Atlanticus Holdings has a very high Appreciation Score of 96 but a slightly negative Power Rating of 33, with the Positive Value Trend Rating the result.
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