On 5/1/24, Rocky Brands Inc (NASDAQ: RCKY) stock enjoyed a major increase of 28.4%, closing at $33.09. Moreover, trading volume in this advance was exceptionally high at 736% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 24.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RCKY is expected to be a Value Builder.
Rocky Brands has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Rocky Brands has a neutral Appreciation Score of 53 but a very high Power Rating of 91, with the Positive Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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