For its fourth fiscal quarter (ending January 31), AstroNova Inc (NASDAQ: ALOT) has reported a 89% increase in E.P.S. from $0.19 a year ago to $0.36 in the current quarter. For the latest four quarters through January 31, E.P.S. were $0.63 compared to $0.36 a year ago — an increase of 75%.
Recent Price Action
AstroNova Inc (NASDAQ: ALOT) stock rose modestly by 0.4% on 3/22/24. The stock closed at $17.93. Moreover, this advance was accompanied by exceptionally high trading volume at 221% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ALOT is expected to be a modest Value Builder.
AstroNova has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. AstroNova has a poor Appreciation Score of 24 but a good Power Rating of 85, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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