Smith & Wesson Brands Inc (NASDAQ: SWBI) stock suffered a major decline of -12.9% on 6/21/24. The shares closed at $14.29. Moreover, trading volume in this decline was exceptionally high at 1044% of normal. Relative to the market the stock has been strong over the last nine months but has declined -12.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SWBI is expected to continue to be a Value Builder.
Smith & Wesson Brands has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Smith & Wesson Brands has a neutral Appreciation Score of 43 but a very high Power Rating of 86, resulting in the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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