Alert: Negative Investment/Fundamental Signals (11/20/23)-Stonex Group Inc (NASDAQ: SNEX)


Extremely significant negative changes in Stonex Group Inc (NASDAQ: SNEX) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and its longer term price trend turned down.

Recent slight negative changes in fundamentals have impacted Stonex Group Inc (NASDAQ: SNEX): significant quarterly sales deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of B. We would 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 above the cost of capital, SNEX is expected to continue to be an important Value Builder.

Stonex Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Stonex Group has a slightly positive Power Rating of 63 and a good Appreciation Score of 76, with the Positive Value Trend Rating the result.

Recent Price Action

Stonex Group Inc (NASDAQ: SNEX) stock closed at $90.34 on 11/20/23 after a decline of -1.3%. The stock has declined -8.7% during the last week but has been strong relative to the market over the last nine months.

About John Lafferty 122561 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.