Stock Rating Upgrade
The Value Trend Rating for World Acceptance Corp (NASDAQ: WRLD) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
World Acceptance Corp (NASDAQ: WRLD) stock closed at $128.49 on 5/31/24 after a modest gain of 0.7%. However, unusually low trading volume at 60% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, WRLD is expected to continue to be an important Value Builder.
World Acceptance has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. World Acceptance has a neutral Appreciation Score of 58 and a slightly positive Power Rating of 69, and the Positive Value Trend Rating results.
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