Clearfield Inc (NASDAQ: CLFD) stock enjoyed a major increase of 13.2% on 5/3/24. The shares closed at $36.13. Moreover, exceptionally high trading volume at 342% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 23.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, CLFD is expected to be a modest Value Eraser.
Clearfield has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Clearfield has a slightly negative Appreciation Score of 32 and a poor Power Rating of 22, producing the Lowest Value Trend Rating.
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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