A sharp week-on-week decline in value percentile rankings has hit several prominent technology companies, suggesting market perceptions around relative worth and fundamental strength are shifting.
What Does Value Ranking Mean?
Using percentile-based metrics, the Benzinga Edge Stock Ranking‘s value metric compares each company’s market price with core fundamentals such as assets, earnings, sales, and operating performance.
4 Overvalued Tech Stocks Deteriorating In Value Rankings
This week, Hewlett Packard Enterprise Co. (NYSE:HPE), Vimeo Inc. (NASDAQ:VMEO), DocuSign Inc. (NASDAQ:DOCU), and Yext Inc. (NYSE:YEXT) are notable tech stocks on the ‘Losers’ sheet that saw significant decreases in their value scores.
Hewlett Packard Enterprise
- Hewlett Packard Enterprise recorded a dramatic fall in value ranking, dropping from a previous score of 69.79 to just 29.86, a delta of 39.93 points week-on-week.
- The stock has gained 15.18% year-to-date and 43.53% over a year.
- It maintains a stronger price trend over the short, medium, and long terms with a moderate quality ranking. Additional performance details are available here.
A sharp week-on-week decline in value percentile rankings has hit several prominent technology companies, suggesting market perceptions around relative worth and fundamental strength are shifting.
What Does Value Ranking Mean?
Using percentile-based metrics, the Benzinga Edge Stock Ranking‘s value metric compares each company’s market price with core fundamentals such as assets, earnings, sales, and operating performance.
4 Overvalued Tech Stocks Deteriorating In Value Rankings
This week, Hewlett Packard Enterprise Co. (NYSE:HPE), Vimeo Inc. (NASDAQ:VMEO), DocuSign Inc. (NASDAQ:DOCU), and Yext Inc. (NYSE:YEXT) are notable tech stocks on the ‘Losers’ sheet that saw significant decreases in their value scores.
Hewlett Packard Enterprise
- Hewlett Packard Enterprise recorded a dramatic fall in value ranking, dropping from a previous score of 69.79 to just 29.86, a delta of 39.93 points week-on-week.
- The stock has gained 15.18% year-to-date and 43.53% over a year.
- It maintains a stronger price trend over the short, medium, and long terms with a moderate quality ranking. Additional performance details are available here.
A sharp week-on-week decline in value percentile rankings has hit several prominent technology companies, suggesting market perceptions around relative worth and fundamental strength are shifting.
What Does Value Ranking Mean?
Using percentile-based metrics, the Benzinga Edge Stock Ranking‘s value metric compares each company’s market price with core fundamentals such as assets, earnings, sales, and operating performance.
4 Overvalued Tech Stocks Deteriorating In Value Rankings
This week, Hewlett Packard Enterprise Co. (NYSE:HPE), Vimeo Inc. (NASDAQ:VMEO), DocuSign Inc. (NASDAQ:DOCU), and Yext Inc. (NYSE:YEXT) are notable tech stocks on the ‘Losers’ sheet that saw significant decreases in their value scores.
Hewlett Packard Enterprise
Hewlett Packard Enterprise recorded a dramatic fall in value ranking, dropping from a previous score of 69.79 to just 29.86, a delta of 39.93 points week-on-week.
The stock has gained 15.18% year-to-date and 43.53% over a year.
It maintains a stronger price trend over the short, medium, and long terms with a moderate quality ranking. Additional performance details are available here. Read MoreBenzinga Ranking, benzinga ratings, DOCU, Equities, HPE, News, QQQ, SPY, VMEO, YEXT, Markets, SPY, US78462F1030, QQQ, US73935A1043, HPE, YEXT, DOCU, VMEO, News, Equities, Markets, Benzinga Markets
