Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Smith & Wesson Brands Inc (NASDAQ: SWBI) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 4/8/24, Smith & Wesson Brands Inc (NASDAQ: SWBI) stock rose slightly by 0.1%, closing at $17.75. However, this advance was accompanied by unusually low trading volume at 52% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SWBI is expected to continue to be a Value Builder.
Smith & Wesson Brands has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Smith & Wesson Brands has a slightly negative Appreciation Score of 34 but a very high Power Rating of 94, triggering the Positive Value Trend Rating.
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