Stock Rating Downgrade
The Value Trend Rating for Clarus Corp (NASDAQ: CLAR) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Clarus Corp (NASDAQ: CLAR) stock declined modestly by -1.5% on 3/18/24. The stock closed at $6.66. NORMAL trading volume accompanied the decline. The stock has been weak relative to the market over the last nine months but has risen 1.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, CLAR is expected to be Value Creation neutral.
Clarus has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Clarus has a neutral Appreciation Score of 41 and a slightly negative Power Rating of 31, with the Negative Value Trend Rating the result.
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