On 5/2/24, Energy Recovery Inc (NASDAQ: ERII) stock suffered a major decline of -11.0%, closing at $13.04. Moreover, this decline was accompanied by exceptionally high trading volume at 333% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -6.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ERII is expected to continue to be a Value Builder.
Energy Recovery has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Energy Recovery has a poor Power Rating of 28 and a poor Appreciation Score of 19, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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