Rocky Brands Inc (NASDAQ: RCKY) stock suffered a major decline of -16.3% on 2/29/24. The shares closed at $24.95. Moreover, this decline was accompanied by exceptionally high trading volume at 203% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -15.8% during the last week.
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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Rocky Brands has a good Appreciation Score of 75 and a very high Power Rating of 95, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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