Flexsteel Industries Inc (NASDAQ: FLXS) stock closed at $32.96 on 4/30/24 after a major decline of -15.6%. Moreover, this decline was accompanied by above average trading volume at 140% of normal. The stock has declined -13.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FLXS is expected to be a modest Value Builder.
Flexsteel Industries has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Flexsteel Industries has a neutral Appreciation Score of 59 but a very high Power Rating of 98, leading to the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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