Stock Rating Upgrade
In the last week the Value Trend Rating for Rocky Brands Inc (NASDAQ: RCKY) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Rocky Brands Inc (NASDAQ: RCKY) stock closed at $26.65 on 1/5/24 after a modest decline of -1.6%. This decline was accompanied by normal trading volume. The stock has declined -16.5% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RCKY is expected to be a modest Value Builder.
Rocky Brands has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Rocky Brands has a good Power Rating of 70 and a good Appreciation Score of 73, leading to the Positive Value Trend Rating.
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