Conn’s Inc (NASDAQ: CONN) suffers from exceptional negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.
Recent important negative changes in fundamentals have impacted Conn’s Inc (NASDAQ: CONN): 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
Reflecting future returns on capital that are 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 complementary signals. Conn’s has a slightly positive Power Rating of 63 and a very high Appreciation Score of 98, with the Highest Value Trend Rating the result.
Recent Price Action
On 3/15/24, Conn’s Inc (NASDAQ: CONN) stock declined modestly by -1.8%, closing at $3.20. Moreover, this decline was accompanied by exceptionally high trading volume at 1621% of normal. The stock has performed in line with the market over the last nine months and has declined -9.1% during the last week.
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