Zumiez Inc (NASDAQ: ZUMZ) stock enjoyed a major increase of 12.0% on 12/1/23. The shares closed at $21.14. Moreover, this advance was accompanied by exceptionally high trading volume at 365% of normal. The stock has been strong relative to the market over the last nine months and has risen 14.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, ZUMZ is expected to be Value Creation neutral.
Zumiez has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Zumiez has a slightly negative Appreciation Score of 40 but a slightly positive Power Rating of 65, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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