Franklin Wireless Corp (NASDAQ: FKWL) stock enjoyed a major increase of 12.1% on 6/20/24. The shares closed at $3.57. Moreover, this advance was accompanied by exceptionally high trading volume at 1051% of normal. The stock has been weak relative to the market over the last nine months but has risen 18.6% during the last week.
Current PriceTarget Research Rating
FKWL is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to be below the cost of capital.
Franklin Wireless has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Franklin Wireless has a slightly negative Appreciation Score of 36 and a slightly negative Power Rating of 34, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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