Extremely significant negative changes in Global Industrial Co (NYSE: GIC) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Recent significant negative changes in fundamentals have affected Global Industrial Co (NYSE: GIC): the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GIC is expected to continue to be a major Value Builder.
Global Industrial has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Global Industrial has a poor Appreciation Score of 30 but a very high Power Rating of 89, producing the High Neutral Value Trend Rating.
Recent Price Action
Global Industrial Co (NYSE: GIC) stock closed at $34.79 on 5/3/24 after a slight decline of -0.9%. This decline was accompanied by normal trading volume. The stock has declined -14.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
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