Conn’s Inc (NASDAQ: CONN). Extremely significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.
Important negative changes in Conn’s Inc (NASDAQ: CONN) fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings 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
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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Conn’s has a neutral Power Rating of 59 but a very high Appreciation Score of 97, leading to the Highest Value Trend Rating.
Recent Price Action
Conn’s Inc (NASDAQ: CONN) stock closed at $3.34 on 3/5/24 after a modest decline of -1.5%. Moreover, this decline was accompanied by above average trading volume at 130% of normal. Relative to the market the stock has been strong over the last nine months but has declined -17.9% during the last week.
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