Stock Rating Upgrade
Recently the Value Trend Rating for Destination XL Group Inc (NASDAQ: DXLG) rose significantly from F to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 4/12/24, Destination XL Group Inc (NASDAQ: DXLG) stock declined modestly by -1.8%, closing at $3.28. Moreover, this decline was accompanied by unusually high trading volume at 156% of normal. Relative to the market the stock has been weak over the last nine months and has declined -4.1% during the last week.
Current PriceTarget Research Rating
DXLG is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Destination XL Group has a current Value Trend Rating of C (Low Neutral). This VT Rating rose significantly in recent days from F previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Destination XL Group has a slightly positive Appreciation Score of 65 but a poor Power Rating of 27, with the Low Neutral Value Trend Rating the result.
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