Important negative changes in Johnson Outdoors Inc (NASDAQ: JOUT) fundamentals have recently occurred: significant quarterly sales deceleration occurred, the consensus estimate for September, 2024 decreased significantly, and the consensus estimate for September, 2025 decreased significantly.
Important negative changes in Johnson Outdoors Inc (NASDAQ: JOUT) investment behavior have recently occurred: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
JOUT is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Johnson Outdoors has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Johnson Outdoors has a slightly positive Appreciation Score of 60 but a very low Power Rating of 2, resulting in the Lowest Value Trend Rating.
Recent Price Action
Johnson Outdoors Inc (NASDAQ: JOUT) stock closed at $37.63 on 5/6/24 after a slight decline of -0.5%. Moreover, trading volume in this decline was exceptionally high at 276% of normal. The stock has declined -9.9% during the last week and has been extremely weak relative to the market over the last nine months.
Be the first to comment