On 1/12/24, Flexsteel Industries Inc (NASDAQ: FLXS) stock enjoyed a major increase of 29.2%, closing at $23.28. Moreover, exceptionally high trading volume at 848% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 23.8% during the last week.
Current PriceTarget Research Rating
FLXS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Flexsteel Industries has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Flexsteel Industries has a neutral Power Rating of 55 but a good Appreciation Score of 72, producing the High Neutral Value Trend Rating.
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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