Stock Rating Upgrade
The Value Trend Rating for Gulf Island Fabrication Inc (NASDAQ: GIFI) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Gulf Island Fabrication Inc (NASDAQ: GIFI) stock closed at $6.38 on 4/12/24 after a decline of -2.8%. Moreover, above average trading volume at 144% of normal accompanied the decline. The stock has declined -7.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GIFI is expected to be a Value Builder.
Gulf Island Fabrication has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Gulf Island Fabrication has a slightly negative Appreciation Score of 37 but a very high Power Rating of 91, and the Positive Value Trend Rating results.
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