Resources Connection Inc (NASDAQ: RGP) suffers from notable negative changes in fundamentals: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for May, 2024 decreased significantly.
Recent notable negative changes in investment behavior have affected Resources Connection Inc (NASDAQ: RGP): negative upside/downside volume developed.
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
RGP is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Resources Connection has a current Value Trend Rating of F (Lowest Rating). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Resources Connection has a slightly positive Appreciation Score of 61 but a very low Power Rating of 3, and the Lowest Value Trend Rating results.
Recent Price Action
Resources Connection Inc (NASDAQ: RGP) stock declined slightly by -1.0% on 6/7/24. The stock closed at $10.99. However, below average trading volume at 82% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -1.5% during the last week.
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