Conn’s Inc (NASDAQ: CONN) stock suffered a major decline of -11.5% on 3/4/24. The shares closed at $3.39. Moreover, trading volume in this decline was unusually high at 162% of normal. Relative to the market the stock has been strong over the last nine months but has declined -16.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CONN is expected to be Value Creation neutral.
Conn’s 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 inconsistent signals. Conn’s has a neutral Power Rating of 59 but a very high Appreciation Score of 97, leading to 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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