World Acceptance Corp (NASDAQ: WRLD) suffers from extremely significant negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, the consensus estimate for March, 2023 decreased significantly, and the consensus estimate for March, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. 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 above the cost of capital, WRLD is expected to continue to be an important Value Builder.
World Acceptance has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. World Acceptance has a neutral Appreciation Score of 53 and a neutral Power Rating of 45, producing the Low Neutral Value Trend Rating.
Recent Price Action
On 3/20/24, World Acceptance Corp (NASDAQ: WRLD) stock enjoyed a large increase of 2.6%, closing at $136.74. However, this advance was accompanied by below average trading volume at 82% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.7% during the last week.
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