Extremely important positive changes in investment behavior have recently occurred for Lifeway Foods Inc (NASDAQ: LWAY): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Minimal positive changes in Lifeway Foods Inc (NASDAQ: LWAY) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism 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, LWAY is expected to be a major Value Builder.
Lifeway Foods has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Lifeway Foods has a poor Appreciation Score of 20 but a very high Power Rating of 94, resulting in the Neutral Value Trend Rating.
Recent Price Action
Lifeway Foods Inc (NASDAQ: LWAY) stock closed at $19.33 on 3/27/24 after a modest gain of 0.9%. Moreover, exceptionally high trading volume at 327% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 77.5% during the last week.
Be the first to comment