BlueLinx Holdings Inc (NYSE: BXC) suffers from extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Recent significant negative changes in fundamentals have impacted BlueLinx Holdings Inc (NYSE: BXC): the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
BXC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
BlueLinx Holdings has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. BlueLinx Holdings has a good Appreciation Score of 72 and a very high Power Rating of 86, and the Highest Value Trend Rating results.
Recent Price Action
On 5/29/24, BlueLinx Holdings Inc (NYSE: BXC) stock declined by -3.8%, closing at $99.44. Moreover, trading volume in this decline was unusually high at 174% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.1% during the last week.
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