Ark Restaurants Corp. (NASDAQ: ARKR) has reported a loss for its fourth fiscal quarter (ending September 30) of $-2.88 versus $0.21 for the same period a year ago — a decline of -1471%. For the latest four quarters through September 30, E.P.S. were $-1.65 compared to $2.61 a year ago — a decline of -163%.
Recent Price Action
Ark Restaurants Corp. (NASDAQ: ARKR) stock closed at $15.05 on 12/18/23 after a modest decline of -2.0%. Moreover, trading volume in this decline was exceptionally high at 334% of normal. The stock has been weak relative to the market over the last nine months and has declined -2.4% during the last week.
Current PriceTarget Research Rating
ARKR is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ark Restaurants has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ark Restaurants has a very high Appreciation Score of 85 but a slightly negative Power Rating of 38, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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