Extremely important negative changes in investment behavior have recently occurred for JAKKS Pacific Inc (NASDAQ: JAKK): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
Positive development: significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, JAKK is expected to continue to be a major Value Builder.
JAKKS Pacific has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. JAKKS Pacific has a good Appreciation Score of 71 and a very high Power Rating of 95, leading to the Highest Value Trend Rating.
Recent Price Action
JAKKS Pacific Inc (NASDAQ: JAKK) stock closed at $23.53 on 3/4/24 after a large decline of -8.2%. Moreover, this decline was accompanied by exceptionally high trading volume at 318% of normal. The stock has declined -32.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
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