Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Ark Restaurants Corp. (NASDAQ: ARKR) fell significantly in recent days. ARKR’s current Value Trend Rating is F and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Ark Restaurants Corp. (NASDAQ: ARKR) stock enjoyed a large increase of 2.8% on 1/12/24. The stock closed at $14.40. However, this advance was accompanied by exceptionally low trading volume at 11% of normal. The stock has risen 4.3% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, ARKR is expected to be Value Creation neutral.
Ark Restaurants has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Ark Restaurants has a slightly negative Power Rating of 33 and a poor Appreciation Score of 27, producing the Lowest Value Trend Rating.
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