Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for MasterCraft Boat Holdings Inc (NASDAQ: MCFT) improved recently. MCFT’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
MasterCraft Boat Holdings Inc (NASDAQ: MCFT) stock rose slightly by 0.10% on 4/26/24. The stock closed at $20.55. However, trading volume in this advance was unusually low at 62% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.6% during the last week.
Current PriceTarget Research Rating
MCFT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
MasterCraft Boat Holdings has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. MasterCraft Boat Holdings has a slightly positive Appreciation Score of 69 but a poor Power Rating of 21, triggering the Low Neutral Value Trend Rating.
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