On 3/15/24, Frequency Electronics Inc. (NASDAQ: FEIM) stock suffered a major decline of -10.2%, closing at $9.80. Moreover, trading volume in this decline was exceptionally high at 901% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.2% during the last week.
Current PriceTarget Research Rating
FEIM is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Frequency Electronics has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Frequency Electronics has a very low Appreciation Score of 5 but a very high Power Rating of 93, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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