AstroNova Inc (NASDAQ: ALOT) has recently enjoyed extremely meaningful positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
AstroNova Inc (NASDAQ: ALOT) has benefited from important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ALOT is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
AstroNova has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. AstroNova has a poor Appreciation Score of 19 but a slightly positive Power Rating of 68, with the Negative Value Trend Rating the result.
Recent Price Action
AstroNova Inc (NASDAQ: ALOT) stock rose slightly by 0.3% on 11/22/23. The stock closed at $13.94. The stock has been strong relative to the market over the last nine months and has risen 1.5% during the last week.
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