On 5/3/24, Clarus Corp (NASDAQ: CLAR) stock enjoyed a major increase of 18.7%, closing at $7.31. Moreover, this advance was accompanied by unusually high trading volume at 197% of normal. The stock has been weak relative to the market over the last nine months but has risen 20.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CLAR is expected to continue to be a Value Builder.
Clarus 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 inconsistent signals. Clarus has a neutral Appreciation Score of 41 but a poor Power Rating of 21, with the Lowest Value Trend Rating the result.
Rating Review
In light of this very positive 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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