Clarus Corp (NASDAQ: CLAR) suffers from meaningful negative changes in fundamentals: the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Recent notable negative changes in investment behavior have affected Clarus Corp (NASDAQ: CLAR): the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CLAR is expected to be Value Creation neutral.
Clarus has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Clarus has a good Appreciation Score of 78 but a very low Power Rating of 7, producing the Negative Value Trend Rating.
Recent Price Action
On 11/16/23, Clarus Corp (NASDAQ: CLAR) stock declined by -1.6%, closing at $5.00. The stock has been extremely weak relative to the market over the last nine months and has declined -2.3% during the last week.
Be the first to comment