Alert: Negative Investment/Fundamental Signals (6/21/24)-Cavco Industries Inc (NASDAQ: CVCO)

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Cavco Industries Inc (NASDAQ: CVCO) has recently experienced extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.

Important negative changes in fundamentals have recently occurred for Cavco Industries Inc (NASDAQ: CVCO). Negative developments: significant quarterly sales deceleration occurred, the consensus estimate for March, 2024 decreased significantly, and the consensus estimate for March, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be above the cost of capital, CVCO is expected to continue to be a Value Builder.

Cavco Industries has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Cavco Industries has a neutral Appreciation Score of 42 but a good Power Rating of 78, with the High Neutral Value Trend Rating the result.

Recent Price Action

On 6/21/24, Cavco Industries Inc (NASDAQ: CVCO) stock declined slightly by -0.3%, closing at $357.69. Moreover, trading volume in this decline was exceptionally high at 333% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged during the last week.

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